M&A Deal Summary

Vertex Energy Acquires Mobile Chemical Refinery

On May 26, 2021, Vertex Energy acquired oil/gas exploration company Mobile Chemical Refinery from Shell for 75M USD

Acquisition Highlights
  • This is Vertex Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Vertex Energy’s largest (disclosed) transaction.
  • This is Vertex Energy’s 1st transaction in the United States.
  • This is Vertex Energy’s 1st transaction in Alabama.

M&A Deal Summary
Date 2021-05-26
Target Mobile Chemical Refinery
Sector Oil/Gas Exploration
Buyer(s) Vertex Energy
Sellers(s) Shell
Deal Type Divestiture
Deal Value 75M USD

Target

Mobile Chemical Refinery

Mobile, Alabama, United States
Mobile Chemical LP Refinery is designed to process approximately 90,000 barrels per day of crude oil and products that include LPG, diesel fuel, jet fuel, and gasoline. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock.

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Buyer(S) 1

Buyer

Vertex Energy

Houston, Texas, United States
Category Company
Founded 2001
Sector Environmental
Employees481
Revenue 3.2B USD (2023)
DESCRIPTION

Vertex Energy is a environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex Energy was founded in 2001 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Vertex Energy - Used Motor Oil Collection & Re-Refining Assets

Houston, Texas, United States

The Vertex assets being acquired include a 20-million-gallon re-refinery in Columbus, Ohio, and a 69-million-gallon re-refinery in Marrero, Louisiana. The deal involves 17 service branches strategically located throughout the Midwest and Gulf Coast, supported by approximately 200 employees and a fleet of collection vehicles.

Sell $140M

Seller(S) 1

SELLER

Shell

London, United Kingdom
Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees103,000
Revenue 316.6B USD (2023)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, the United Kingdom.

DEAL STATS #
Overall 18 of 19
Sector (Oil/Gas Exploration) 13 of 13
Type (Divestiture) 18 of 19
State (Alabama) 1 of 1
Country (United States) 4 of 5
Year (2021) 3 of 3
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Shell Philippines

Manila, Philippines

Shell Philippines is primarily engaged in the importation and marketing of petroleum products, including gasoline, diesel, jet fuel, fuel oil, lubricants, and bitumen. Shell Philippines is based in Manila, Philippines.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Inspire Energy

Cherry Hill, New Jersey, United States

Inspire is a technology-enabled clean energy company that subscribes people to a world where energy from renewable sources is a better choice for their homes and the environment. With Inspire, members receive access to clean energy and peace of mind from a predictable price for their home's electricity supply. The company has made it easy for hundreds of thousands of people to support clean energy, and join the fight against climate change. Inspire was formed in 2014 with headquarters in Santa Monica, CA and Philadelphia, PA.

Buy -
Mergr

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