M&A Deal Summary

Valero Energy Acquires Pure Biofuels del Perú SAC

On May 14, 2018, Valero Energy acquired energy services and equipment company Pure Biofuels del Perú SAC from Pegasus Capital Advisors

Acquisition Highlights
  • This is Valero Energy’s 4th transaction in the Energy Services and Equipment sector.
  • This is Valero Energy’s 1st transaction in Peru.

M&A Deal Summary

Date 2018-05-14
Target Pure Biofuels del Perú SAC
Sector Energy Services and Equipment
Buyer(s) Valero Energy
Sellers(s) Pegasus Capital Advisors
Deal Type Add-on Acquisition

Target

Pure Biofuels del Perú SAC

San Isidro, Peru
Pure Biofuels del Perú SAC is specializes in liquid fuels storage, distribution and marketing, and biodiesel production in Peru. Core assets include a 15-tank barrel liquid storage terminal with over 700,000 barrels of storage capacity, a private port facility, and two biodiesel production facilities.

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Buyer(S) 1

Buyer

Valero Energy

San Antonio, Texas, United States

Category Company
Founded 1980
Sector Energy Services and Equipment
Employees9,898
Revenue 129.9B USD (2024)
DESCRIPTION
Entrance to Valero Energy's corporate headquarters in San Antonio, Texas.
Entrance to Valero Energy's corporate headquarters in San Antonio, Texas.

Valero Energy owns and operates petroleum refineries throughout the United States, Canada, and the United Kingdom. The Company's refineries produce conventional gasolines, premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. Valero markets branded and unbranded refined products on a wholesale basis in the U.S., Canada, the Caribbean, the U.K., and Ireland through an extensive bulk and rack marketing network and through approximately 7,400 outlets that carry our brand names. The Company also owns ethanol plants in the central plains region of the U.S. that primarily produce ethanol. Valero Energy was founded in 1980 and is based in San Antonio, Texas.


DEAL STATS #
Overall 4 of 5
Sector: Energy Services and Equipment M&A 4 of 5
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Peru M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Parkway Pipeline

Mandeville,, Louisiana, United States

Parkway Pipeline is a 141-mile, 16-inch refined petroleum products pipeline linking Valero’s St. Charles refinery with the Plantation and Colonial pipeline systems in Collins, Mississippi. Parkway Pipeline currently has 110,000 barrels per day of capacity, with the ability to expand to more than 200,000 barrels per day.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Valero Energy Partners

San Antonio, Texas, United States

Valero Energy Partners LP is a fee-based master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined products pipelines, terminals, and other transportation and logistics assets.

Buy $950M

Seller(S) 1

SELLER

Pegasus Capital Advisors


Category Private Equity Firm
Founded 1996
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pegasus Capital Advisors is a private equity firm focused on providing equity and junior capital to middle-market companies across a wide variety of industries. Pegasus looks to commit between $50 and $150 million per transaction. Sectors of interest include building materials, consumer products/services, energy, financial services/insurance, IT, marketing/communications, metals/minerals, and safety/security. Pegasus was formed in 1995 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 11 of 16
Sector: Energy Services and Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 8
Country: Peru M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 ReCommunity Holdings

Charlotte, North Carolina, United States

ReCommunity is a recycling, recovery and repowering company that is focused on dramatically reducing the volume of land-filled waste through conversion into useful products such as recycled commodities, low-carbon energy, ReEngineered Feedstock, biofuels, and other value-added recycled products. ReCommunity Holdings was founded in 2011 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Yanzi Networks AB

Kista, Sweden

Yanzi Networks AB is a Swedish Internet-of-Things (“IoT”) solutions provider for the Smart Building market. Yanzi has developed an open, fast, robust, and evolutionary software and networking platform for IoT and is collaborating with the industry’s largest vendors to deliver value to real estate owners and facility management companies that wish to enter the world of smart buildings.

Buy -