Huntsman to sell businesses to Indorama Ventures
Huntsman Corp. has entered into a definitive agreement to sell its chemical intermediates businesses, which includes propylene oxide/methyl tertiary butyl ether, and its surfactants businesses to Indorama Ventures in a transaction valued at $2.076 billion, comprising a cash purchase price of $2 billion-plus the transfer of up to approximately $76 million in net underfunded pension […]
Cross Country Infrastructure Services acquires Five Star
Cross Country Infrastructure Services Inc. has acquired Five Star Equipment Leasing & Rental LLC. With the addition of Five Star, Cross Country gains an established equipment rental player in the central U.S. and at the crossroads of a multitude of oil and gas and infrastructure projects. Financial terms of the transaction were not disclosed. Gerry […]
DIC to acquire BASF’s global pigments business
BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is â¬1.15 billion. The transaction is expected to close in the fourth quarter of 2020. The divestiture is subject to the approval of the relevant competition authorities. […]
Shermco acquires Electrical Manufacturing and Distributors
Shermco Industries Inc. has acquired Electrical Manufacturing and Distributors Inc. (EMD). EMD is a leading provider of process control services, including automated control systems design, systems integration, electrical engineering, custom programming and fabrication of power distribution centers, electrical racks and control panels. Bill Mohl, CEO of Shermco, said, “EMD’s process control expertise will be a […]
Pembina Pipeline Corp. to acquire KML, Cochin Pipeline
Pembina Pipeline Corp. has entered into agreements pursuant to which it will acquire Kinder Morgan Canada Ltd. (KML) and the U.S. portion of the Cochin Pipeline system (Cochin US) from Kinder Morgan Inc. (KMI) for a total purchase price of approximately $4.35 billion. The transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 […]
BP to sell Alaska business to Hilcorp
BP has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion. The sale will include BP’s entire upstream and midstream business in the state, including BP Exploration […]
Altus Midstream acquires stake in Enterprise’s Shin Oak Pipeline
Altus Midstream Co. recently closed the acquisition of a 33-percent equity interest in the Enterprise Products Partners LP subsidiary that owns the Shin Oak NGL pipeline. The 658-mile Shin Oak Pipeline transports growing NGL production from multiple basins, including the Permian, to Enterprise’s NGL fractionation and storage complex in Mont Belvieu, Texas. NGLs for the […]
Total Safety acquires Sprint Safety
Total Safety recently acquired Sprint Safety, a national safety service provider to U.S. customers with five locations and approximately 200 employees. This acquisition strengthens Total Safety’s technology offerings, as Sprint Safety is one of the leading life safety equipment rental providers as well as a leading provider of turnkey two-way radio rentals and communications systems […]
Koch-Glitsch acquires Julius Montz
Koch-Glitsch, a subsidiary of Koch Engineered Solutions and its parent company, Koch Industries, has aquired Julius Montz GmbH from the Pfaudler Group. This acquisition will increase Koch-Glitsch’s presence worldwide by strengthening its global footprint; broadening its portfolio of products, services and intellectual property; and positioning it for entry into new markets and industries. Montz is […]
Motiva to acquire Flint Hills Resources Port Arthur
Motiva Enterprises LLC and an affiliate of Flint Hills Resources have signed an agreement for Motiva to acquire a 100-percent ownership interest in Flint Hills Resources Port Arthur LLC. The potential acquisition is targeted to close in the fourth quarter of 2019, subject to satisfaction of closing conditions. The parties will not be disclosing the […]
