M&A Deal Summary

Valero Energy Partners Acquires Parkway Pipeline

On October 26, 2017, Valero Energy Partners acquired oil/gas exploration company Parkway Pipeline from Valero Energy

Acquisition Highlights
  • This is Valero Energy Partners’ 8th transaction in the Oil/Gas Exploration sector.
  • This is Valero Energy Partners’ 9th transaction in the United States.
  • This is Valero Energy Partners’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2017-10-26
Target Parkway Pipeline
Sector Oil/Gas Exploration
Buyer(s) Valero Energy Partners
Sellers(s) Valero Energy
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Valero Energy Partners

San Antonio, Texas, United States
Category Company
Founded 2013
Sector Energy Services and Equipment
DESCRIPTION

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.

DEAL STATS #
Overall 9 of 9
Sector (Oil/Gas Exploration) 8 of 8
Type (Divestiture) 6 of 6
State (Louisiana) 1 of 1
Country (United States) 9 of 9
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Port Arthur Terminal Assets

United States

The Port Arthur terminal assets consist of 47 tanks with 8.5 million barrels of storage capacity for crude oil, intermediates, and refined petroleum products.

Buy -

Seller(S) 1

SELLER

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 8 of 8
Sector (Oil/Gas Exploration) 7 of 7
Type (Divestiture) 8 of 8
State (Louisiana) 1 of 1
Country (United States) 8 of 8
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Port Arthur Terminal Assets

United States

The Port Arthur terminal assets consist of 47 tanks with 8.5 million barrels of storage capacity for crude oil, intermediates, and refined petroleum products.

Sell -
FOLLOWING 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.

Buy -
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