HF Sinclair Corporation completes acquisition of Holly Energy Partners, L.P.
HF Sinclair Corporation announced the completion of the transactions contemplated by the previously announced agreement and plan of merger, pursuant to which HF Sinclair acquired all of the outstanding common units (HEP common units) representing limited partner interests in Holly Energy Partners, L.P. (HEP) not already owned by HF Sinclair and its subsidiaries, for a combination […]
USA DeBusk acquires Nitro-Lift
USA DeBusk LLC announced the acquisition of nitrogen services provider Nitro-Lift (Nitro Lift Technologies LLC, Nitro-Lift Fabrication LLC, and Nitro-Chem Solutions LLC). Nitro-Lift is a family-owned and operated industrial services and fabrication company founded in 2006 by Vernon Daniels and Danny Daniels. Nitro-Lift currently services the upstream, midstream, and downstream markets by supplying nitrogen services, […]
Aramco to acquire stake in MidOcean Energy
CHARLOTTE, N.C. — ResourceWise, a provider of commodity price data, analytics and strategic consulting for forest products, renewable fuels and feedstocks and chemical industries, has acquired Texas-based Chemical Intelligence. Chemical Intelligence is a provider of data, insights and strategic consulting to the chemical industry, focusing specifically on glycols and derivatives, solvents, antifreeze and methanol. Chemical […]
Aramco to acquire stake in MidOcean Energy
DHAHRAN, Saudi Arabia — Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million. MidOcean Energy is an LNG company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors. MidOcean Energy […]
ONEOK completes Magellan Midstream Partners acquisition
TULSA, Okla. — ONEOK Inc. has completed its acquisition of Magellan Midstream Partners, creating a more diversified North American midstream infrastructure company focused on delivering energy products and services to its customers, and continued returns to investors. The transaction was approved by ONEOK shareholders and Magellan unitholders at their respective special meetings in September 2023. […]
HF Sinclair to acquire common units of Holly Energy Partners
DALLAS — HF Sinclair Corporation and Holly Energy Partners (HEP) have entered into a definitive merger agreement for HF Sinclair to acquire all outstanding common units of HEP not owned by HF Sinclair or its affiliates. This is in exchange for a combination of common stock, par value $0.01 per share, of HF Sinclair stock […]
INEOS acquires Eastman Chemical’s Texas City site for $500MM
LONDON — INEOS has reached an agreement with Eastman Chemical Company to purchase the Eastman Texas City site, including the 600k mt acetic acid plant and all associated third-party activities on the site, for circa $500 million. Eastman and INEOS have also entered into an MOU to explore options for a longterm supply agreement for […]
2023 M&A activity reflects broader economic trends, market dynamics
M&A deal activity has mirrored much of the larger economy and markets so far in 2023. There has been plenty of reason for optimism, but that optimism has certainly been cautious; deal activity remains lower in the wake of global uncertainties during the last three years. A couple of mid-year reports on the M&A outlook […]
