DALLAS — HollyFrontier Corp. and Holly Energy Partners LP (HEP) have entered into definitive agreements under which HollyFrontier and HEP will acquire Sinclair Oil Corp. and Sinclair Transportation Co. from The Sinclair Companies.

Under the terms of HollyFrontier’s definitive agreement, HollyFrontier will acquire Sinclair’s branded marketing business and all commercial activities, which build on an iconic brand with exceptional customer loyalty, renewable diesel business and two premier Rocky Mountainbased refineries.

Upon closing, HollyFrontier’s existing senior management team will operate the combined company. The new company will be headquartered in Dallas with combined business offices in Salt Lake City.

For more information, visit www.hollyfrontier.com or www.sinclairoil.com.