M&A Deal Summary

Valero Energy Acquires Valero Energy Partners

On October 18, 2018, Valero Energy acquired energy services and equipment company Valero Energy Partners for 950M USD

Acquisition Highlights
  • This is Valero Energy’s 5th transaction in the Energy Services and Equipment sector.
  • This is Valero Energy’s 3rd largest (disclosed) transaction.
  • This is Valero Energy’s 4th transaction in the United States.
  • This is Valero Energy’s 2nd transaction in Texas.

M&A Deal Summary

Date 2018-10-18
Target Valero Energy Partners
Sector Energy Services and Equipment
Buyer(s) Valero Energy
Deal Type Merger
Deal Value 950M USD

Target

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.

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Buyer(S) 1

Buyer

Valero Energy

San Antonio, Texas, United States

Category Company
Founded 1980
Sector Energy Services and Equipment
Employees9,886
Revenue 144.8B USD (2023)
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 5 of 5
Sector (Energy Services and Equipment) 5 of 5
Type (Merger) 2 of 2
State (Texas) 2 of 2
Country (United States) 4 of 4
Year (2018) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 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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