BP Energy Partners portfolio secures Thigpen Energy assets
BP Energy Partners LLC’s existing portfolio company, Thigpen Solutions LLC, has acquired substantially all of the assets of Thigpen Energy LLC and TRF Energy Solutions LLC (collectively Thigpen Energy) for an undisclosed amount. The new entity will continue to operate under the Thigpen Energy name. “I am very excited about the addition of Thigpen Energy’s […]
Bibby Offshore Group to merge with Rever Offshore
The Bibby Offshore group of companies has merged with Rever Offshore AS. Rever’s subsidiaries include Cecon Contracting AS, as well as two vessel companies that own Cecon Excellence and Cecon Sovereign. The combination of Bibby and Cecon Contracting will create a larger and more robust offshore installation delivery business internationally. The combined company will continue […]
ReNew Power acquires Ostro Energy
ReNew Power has acquired Ostro Energy Private Ltd. This strategic investment helps ReNew Power further consolidate its position in the clean energy sector. ReNew Power currently has green energy assets of more than 4,500 megawatts (MW), which include a commissioned capacity of approximately 2,800 MW. Ostro Energy has a total capacity of more than 1,100 […]
Dominion Energy, SCANA merge
Dominion Energy Inc. and SCANA Corp. have agreed to combine in a stock-for-stock merger in which SCANA shareholders would receive 0.6690 shares of Dominion Energy common stock for each share of SCANA common stock, the equivalent of $55.35 per share, or about $7.9 billion based on Dominion Energy’s volume-weighted average stock price. Including assumption of […]
Daseke to acquire Aveda Transportation and Energy Services
Daseke Inc. has entered into a merger agreement with Aveda Transportation and Energy Services, one of the largest oil rig moving companies in North America. Aveda owns one of the largest and youngest fleets in the industry, with approximately 430 tractors, 660 trailers and 200 light-duty trucks. Under terms of the agreement, Daseke will pay […]
GP Global completes acquisition of MAG Lube LLC
GP Global (formerly Gulf Petrochem Group) has completed its acquisition of MAG Lube LLC, a leading manufacturer of lubricants in the Middle East valued at close to $75 million in a global lubricants market said to reach $166.23 billion by 2025, according to Grand View Research. MAG Lubes LLC currently employs over 100 employees who […]
Concho Resources Inc. to acquire RSP Permian Inc.
Concho Resources Inc. and RSP Permian Inc. have entered into a definitive agreement under which Concho will acquire RSP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt. The transaction was unanimously approved by the board of directors of each company. The acquisition will add approximately 92,000 net acres that […]
Total closes Maersk Oil acquisition
Total has closed its acquisition of Maersk Oil, which brings around 1 billion barrels of oil equivalent in reserves and resources, mainly in OECD (Organisation for Economic Co-operation and Development) countries, and a production of about 160,000 boe/d in 2018, ramping up to more than 200,000 boe/d by the early 2020s. The acquisition of Maersk […]
Vermilion Energy to acquire Spartan Energy Corp.
Vermilion Energy Inc. has entered into an agreement to acquire Spartan Energy Corp., a publicly traded southeast Saskatchewan oil and gas producer with annual production of approximately 23,000 boe/d (91-percent oil). Total consideration for Spartan is approximately $1.4 billion, comprising $1.23 billion in Vermilion shares and the assumption of approximately $175 million in debt. Under […]
Matholding Group acquires OCV Control Valves LLC
Matholding Group has acquired 51 percent of shares in U.S.-based OCV Control Valves LLC. The group is rounding out its portfolio in hydraulic control and air valves by merging Dorot Control Valves’ expertise with OCV’s know-how and experience in the U.S. and Canadian markets. The acquisition complements Matholding’s offering and expands its product range to […]
Huntsman completes purchase of Demilec
Huntsman Corp. has completed the purchase of Demilec, a manufacturer and distributor of spray polyurethane foam (SPF) insulation systems. Huntsman acquired the business from an affiliate of Sun Capital Partners Inc. for $350 million, subject to customary working capital adjustments, in an all-cash transaction funded from available liquidity. The acquisition of Demilec is aligned with […]
Huntsman acquires Demilec
Huntsman Corp. has acquired Demilec, a manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, from an affiliate of Sun Capital Partners Inc. Demilec has annual revenues of approximately $170 million and two manufacturing facilities located in Arlington, Texas, and Boisbriand, Quebec, where it produces a full suite of […]
Miller Environmental Services acquires Belco Industrial Services
Miller Environmental Services has acquired Belco Industrial Services, a major supplier of specialty industrial services in Texas and Louisiana. The acquisition will enable Miller to provide turnkey solutions for its customers through expanded service lines now available via Belco’s mechanical and linings and coatings divisions. The transaction will also allow Miller to expand its services […]
United Rentals acquires Industrial Rental Services
United Rentals Inc. has acquired the assets of Industrial Rental Services LLC from JMH Capital. Industrial Rental Services is a leading U.S. provider of two-way radio solutions and industrial blinds, primarily in the Gulf and West Coast regions. The acquisition expands the company’s Tool Solutions specialty rental fleet by over 35,000 isolation blinds, flanges and […]
Algonquin acquires 25-percent interest in Atlantica Yield
Algonquin Power & Utilities has completed the acquisition of a 25-percent equity interest in Atlantica Yield for a total price of $608 million at a price of $24.25 per share, becoming its largest shareholder. Algonquin has an option to acquire an additional 16.47-percent stake in Atlantica Yield for a period of 60 days after the […]
Delek US sells California refining, pipeline assets
Delek US Holdings Inc. has signed and closed the sale of AltAir Paramount LLC and Delek’s Paramount, California, refining and pipeline assets to an affiliate of Boston-based World Energy LLC. The sale includes all of Delek’s membership interests in AltAir Paramount, which operates a 3,000-barrel-per-day renewable diesel/renewable jet fuel facility; Delek’s idled Paramount refinery; and […]
