M&A Deal Summary

USD Partners Acquires Casper Crude to Rail

On October 12, 2015, USD Partners acquired construction company Casper Crude to Rail from Stonepeak for 225M USD

Acquisition Highlights
  • This is USD Partners’ 1st transaction in the Construction sector.
  • This is USD Partners’ largest (disclosed) transaction.
  • This is USD Partners’ 1st transaction in the United States.
  • This is USD Partners’ 1st transaction in Wyoming.

M&A Deal Summary
Date 2015-10-12
Target Casper Crude to Rail
Sector Construction
Buyer(s) USD Partners
Sellers(s) Stonepeak
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

Casper Crude to Rail

Casper, Wyoming, United States
Casper Crude to Rail LLC is a company develop, construct and operate crude oil rail infrastructure.

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Buyer(S) 1

Buyer

USD Partners

Houston, Texas, United States

website

Category Company
Founded 2014
Sector Infrastructure
Revenue 112M USD (2022)
DESCRIPTION

USD Partners is a master limited partnership formed by US Development Group, LLC to acquire, develop and operate energy-related rail terminals and other high-quality and complementary midstream infrastructure assets and businesses. USD Partners was founded in 2014 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wyoming) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 USD Group - Hardisty South terminal assets

Hardisty, Alberta, Canada

USD Group's Hardisty South terminal assets load up to one and a half 120-railcar unit trains per day and consist of a fixed loading rack with 32 railcar loading positions. USD Group's Hardisty South terminal assets are based in Hardisty, Alberta.

Buy $75M

Seller(S) 1

SELLER

Stonepeak

Investor Investor Investor Investor Investor

website

Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 8
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wyoming) 1 of 1
Country (United States) 1 of 7
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 ExteNet Systems

Frisco, Texas, United States

ExteNet Systems is a designer and operater of distributed networks for use by wireless carriers and property owners in key markets. Using distributed antenna systems (DAS), remote radio heads (RRH), small cells, Wi-Fi, software-defined network (SDN) based Evolved Packet Core (EPC) and other technologies, ExteNet deploys solutions to enhance wireless service and network performance across both outdoor and indoor environments. ExteNet Systems was founded in 2002 and is based in Frisco, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Hygo Energy Transition

Hamilton, Bermuda

Hygo Energy Transition is a provider of liquefied natural gas-based downstream services based in Hamilton, Bermuda.

Buy -
Mergr

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