Capstreet Acquires Analytic Stress Relieving, Inc., a Nationwide Provider of Heat-Treating Services
Capstreet, a Houston-based lower middle market private equity firm, announced that it has acquired Analytic Stress Relieving, Inc., a provider of on-site heat-treating services. Terms of the transaction were not disclosed. Capstreet Partner Paul De Lisi said, “ASR has an excellent reputation for technical capability, quality and safety, and we believe that the Company can […]
Assuring confidentiality in M&A transactions
One of the most common concerns among prospective sellers is keeping discussions of a potential deal confidential. There are two types of documents that help maintain confidentiality: the teaser and the confidentiality agreement (CA). The teaser is a document used when the seller is making initial contact with a potential buyer. The intent of the teaser — sometimes […]
ExxonMobil completes acquisition of Denbury
SPRING, Texas — ExxonMobil Corp. has closed its acquisition of Denbury in an allstock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders would receive 0.84 shares of ExxonMobil for each Denbury share. “This transaction is a major […]
Chevron agrees to buy Hess in $60B deal
SAN RAMON, Calif. — Chevron Corp. has entered into a definitive agreement with Hess Corp. to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron […]
INEOS completes acquisition of Eastman Texas City site
LONDON — INEOS has completed the acquisition of the Eastman Texas City, Texas, site, the 600k mt capacity acetic acid plant and all associated third party activities, from Eastman Chemical Company. Eastman and INEOS have also entered into an MOU to explore options for a longterm supply agreement for vinyl acetate monomer. “We are delighted […]
ExxonMobil announces merger with Pioneer Natural Resources
Exxon Mobil Corporation and Pioneer Natural Resources jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for […]
INEOS announces the acquisition of the Eastman Texas City site
INEOS announced it has reached an agreement with Eastman Chemical Company to purchase the Eastman Texas City site, including the 600kt Acetic Acid plant and all associated third party activities on the site, for circa $500 million. Eastman and INEOS have also entered into a Memorandum of Understanding to explore options for a long-term supply agreement […]
HF Sinclair and Holly Energy Partners announce definitive merger agreement
HF Sinclair Corporation and Holly Energy Partners, L.P. announced that they have entered into a definitive merger agreement for HF Sinclair to acquire all of the outstanding common units of HEP not owned by HF Sinclair or its affiliates in exchange for a combination of common stock, par value $0.01 per share, of HF Sinclair and cash. The agreement […]
Energy Transfer to acquire Crestwood in $7.1 billion all-equity transaction
Energy Transfer LP (Energy Transfer) and Crestwood Equity Partners LP (Crestwood) announced that the parties have entered into a definitive merger agreement pursuant to which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on the closing price on August 15, […]
Space City Services announces acquisition, continued rapid growth
Space City Services (SCS), an environmental and industrial services company, announced its acquisition of Industrial Waste Solutions’ (IWS) bulk-rental and transportation services division based in Houston. The move allows SCS to expand its services to both companies’ current customers and provide competitive rates to new ones. Robert Thomas, President of SCS, expressed excitement in welcoming IWS […]
Energy Transfer to acquire Lotus Midstream in a $1.45 billion transaction
Energy Transfer LP and Lotus Midstream LLC announced that the parties have entered into a definitive agreement pursuant to which Energy Transfer will acquire Lotus Midstream Operations, LLC (Lotus Midstream) in a transaction valued at approximately $1.45 billion from an affiliate of EnCap Flatrock Midstream (EFM). Consideration for the transaction will be comprised of $900 […]
U.S. construction technology business CrewSight joins ASSA ABLOY Group
U.S. construction technology business CrewSight has been acquired by ASSA ABLOY Group, the global leader in access solutions. The move supports a vision to accelerate the digital transformation of the construction industry, globally, through software-driven access control and workforce management solutions. CrewSight will be part of a dedicated offering for the construction industry, providing innovative […]
IRONCLAD Environmental Solutions acquires Adler Tank Rentals
Following its December 15, 2022, relaunch and brand update, IRONCLAD Environmental Solutions has announced its acquisition of Adler Tank Rentals, expanding its service offerings, assets and geographic reach. Headquartered in Baytown, Texas, IRONCLAD Environmental Solutions is an industry-leading provider of specialty waste management solutions and temporary storage and containment equipment for hazardous and non-hazardous waste. The Company […]
StoneAge, Inc. announces the acquisition of Terydon, Inc.
We are pleased to announce that StoneAge, Inc. acquired Terydon, Inc. Built around its proprietary wireless control via touch-screen tablets, Terydon’s “Smart Lunchbox Technology” promotes safety and enhanced productivity through fully automated, computerized, and remote-capable solutions. “We are excited to bring Terydon into our family of companies,” said Kerry Siggins, CEO of StoneAge, Inc. “They […]
Woodside completes $19.6B merger with BHP Petroleum
Houston-based BHP Group announced that the merger of BHP’s oil and gas portfolio with Australian gas company Woodside Energy Group Limited by an all-stock merger is complete. According to a statement on BHP’s website, the merger aims to create a global top 10 independent energy company by production and the largest energy company listed on the […]
