DuPont to acquire Spectrum Plastics Group from AEA investors
DuPont announced that it has entered into a definitive agreement to acquire Spectrum Plastics Group (Spectrum) from AEA Investors. The purchase price will be paid from existing cash balances. The transaction is expected to close by the end of the third quarter of 2023, subject to regulatory approvals and other customary closing conditions. Spectrum is a […]
Montrose Environmental Group acquires GreenPath Energy Ltd.
Montrose Environmental Group, Inc. announced the acquisition of GreenPath Energy Ltd., a leading optical gas imaging and fugitive emissions management services firm in Canada. GreenPath’s leadership, including President Joshua Anhalt, will join Montrose and be integrated into the Company’s Measurement and Analysis Segment. Terms of the transaction were not disclosed. In Canada, GreenPath is a leader […]
ONEOK to acquire Magellan Midstream Partners in $18.8 billion deal
ONEOK, Inc. and Magellan Midstream Partners, L.P. announced that they have executed a definitive merger agreement under which ONEOK will acquire all outstanding units of Magellan in a cash-and-stock transaction valued at approximately $18.8 billion including assumed debt, resulting in a combined company with a total enterprise value of $60.0 billion. The consideration will consist of […]
Foremark Performance Chemicals acquires NexGen Chemical Technologies
Foremark Performance Chemicals, a portfolio company of SK Capital Partners, announced the closing of its acquisition of NexGen Chemical Technologies, a provider of natural gas sweetening solutions from Black Bay Energy Capital. The acquisition of NexGen aligns with Foremark’s strategy to be the leading provider of solutions that enable the safe and sustainable production of natural gas, […]
Vopak enters into a binding agreement to divest its terminal in Savannah, Georgia
Royal Vopak has entered into a binding agreement to sell its terminal in Savannah USA to BWC Terminals, a US-based bulk liquids storage company. The operational capacity of Vopak Terminal Savannah is 250,566 cbm. This capacity is mainly used for the storage of vegetable oils, asphalt, and specialty chemicals. The cash and debt free enterprise […]
Chevron announces agreement to acquire PDC Energy
Chevron Corporation announced that it has entered into a definitive agreement with PDC Energy, Inc. to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. Based on Chevron’s closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 […]
Industry cautious following SVB collapse
As the calendar turned to 2023, the hope in the M&A world was for a return to normalcy after a tumultuous 2022. As stated in previous issues, the worst bond market on record, the highest inflation rate since the ’70s, the threat of widescale war in Europe, and supply chain issues presented a pessimistic climate, […]
