Investment Summary |
|
|---|---|
| Date | 2016-08-22 |
| Target | Valero Energy - Meraux and Three Rivers Terminal Services Business |
| Sector | Oil/Gas Exploration |
| Investor(s) | Valero Energy Partners |
| Sellers(s) | Valero Energy |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 2013 |
| Sector | Energy Services and Equipment |
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 | 7 of 9 |
| Sector (Oil/Gas Exploration) | 6 of 8 |
| Type (Divestiture) | 4 of 6 |
| State (Texas) | 3 of 3 |
| Country (United States) | 7 of 9 |
| Year (2016) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-28 |
McKee Terminal Services
United States McKee Terminal Services consist of 75 tanks with 4.4 million barrels of storage capacity for crude oil, intermediates, and refined petroleum products. |
Buy | $240M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-26 |
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. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Energy Services and Equipment |
| Employees | 9,964 |
| Revenue | 176.4B USD (2022) |
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 | 6 of 8 |
| Sector (Oil/Gas Exploration) | 5 of 7 |
| Type (Divestiture) | 6 of 8 |
| State (Texas) | 2 of 2 |
| Country (United States) | 6 of 8 |
| Year (2016) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-28 |
McKee Terminal Services
United States McKee Terminal Services consist of 75 tanks with 4.4 million barrels of storage capacity for crude oil, intermediates, and refined petroleum products. |
Sell | $240M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-26 |
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. |
Sell | - |
