Divestiture • Energy Services and Equipment

Zenith Energy Acquires Plains All American Pipeline - Three Interconnected West Coast Terminals

On October 15, 2020, Zenith Energy acquired energy services and equipment company Plains All American Pipeline - Three Interconnected West Coast Terminals from Plains All American

Acquisition Context
  • This is Zenith Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Zenith Energy’s 2nd transaction in the United States.
  • This is Zenith Energy’s 1st transaction in Texas.

Explore All 483 Divestiture Energy Services and Equipment Deals - Search the Database Free


M&A Deal Summary

Date October 15, 2020
Target Plains All American Pipeline - Three Interconnected West Coast Terminals
Sector Energy Services and Equipment
Buyer(s) Zenith Energy
Sellers(s) Plains All American
Deal Type Divestiture

Target Company

Plains All American Pipeline - Three Interconnected West Coast Terminals

Houston, Texas, United States
Plains All American Pipeline LP - Three Interconnected West Coast Terminals comprise terminals in Los Angeles County, commonly referred to as the Long Beach, Dominguez Hills, and Alamitos Terminals, in addition to approximately 50 miles of bi-directional pipeline providing interconnection between the terminals as well as direct connectivity to all major refineries in the region.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Zenith Energy

Houston, Texas, United States

Category Company
Founded 2014
Sector Oil/Gas Exploration
DESCRIPTION

Zenith Energy is a midstream company that owns and operates over 32 million barrels of renewable fuels, crude oil, petroleum products, chemicals, and vegetable oil storage across North American, Europe, and Latin America through its subsidiaries Zenith International and Zenith U.S. Zenith Energy was founded in 2014 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 3 of 3
Sector: Energy Services and Equipment 1 of 1
Type: Divestiture 2 of 2
State: Texas 1 of 1
Country: United States 2 of 2
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-29 Arc Logistics Partners

New York, New York, United States

Arc Logistics Partners LP is an owns and operater of terminalling, storage, transloading and pipeline assets as an independent logistics provider. Arc Logistics Partners is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-16 Zenith Energy - Portland Terminal

Portland, Oregon, United States

Zenith Energy's Portland Terminal is a fuel‑storage and logistics facility that provides tank capacity and multimodal transportation links for liquid fuels. The terminal includes 1.7 million barrels of storage capacity and multimodal connectivity via rail, marine, truck and pipeline and is based in Portland, Oregon.

Sell -

Seller Profile 1

SELLER

Plains All American

Houston, Texas, United States

Category Company
Founded 1998
Sector Energy Services and Equipment
Employees4,200
Revenue 50.1B USD (2024)
DESCRIPTION

Plains All American is a provider of oil pipeline transportation, marketing, and storage business. Plains All American engages in the transportation, storage, terminalling and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products. Plains All American was founded in 1998 and is based in Houston, Texas.


Deal Context for Seller #
Overall 2 of 2
Sector: Energy Services and Equipment 2 of 2
Type: Divestiture 2 of 2
State: Texas 2 of 2
Country: United States 2 of 2
Year: 2020 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 Plains All American Pipeline - Milk River Pipeline System

Houston, Texas, United States

Plains All American Pipeline LP's Milk River Pipeline System is a provider of pipeline system for energy industry.

Sell $35M