Oil and Gas
EG Group Acquires Cumberland Farms
EG Group acquired Cumberland Farms for $2.15 billion in October 2019. The deal added 567 stores across eight U.S. Northeast states to EG's portfolio.
Acquisition
149 articles
Oil and Gas
ARKO Acquires Pride Convenience Holdings
ARKO Corp. (Nasdaq: ARKO) subsidiary GPM Investments acquired Pride Convenience Holdings, which operates 31 convenience stores in highly desirable locations. The deal expands ARKO's convenience store footprint into Massachusetts, making it the 34th state in which the company will operate.
Power and Utilities
Vistra Corp. Acquires Energy Harbor
Vistra Corp completed its $3.4 billion acquisition of Energy Harbor in March 2024, forming Vistra Vision. The deal added approximately 4,000 MW of zero-carbon nuclear generation across three Ohio and Pennsylvania plants and a retail electricity business serving 1 million customers. Vistra Vision will be a zero-carbon generation and retail growth company. With a continuing […]
Renewable Energy
Engie North America Acquires Broad Reach Power
Engie completed its $1.6 billion acquisition of Houston-based battery storage developer Broad Reach Power from EnCap Energy Transition in August 2023. The deal added 350 MW of operating battery storage and a 2.7 GW pipeline.
Oil and Gas
Energy Transfer Acquires Lotus Midstream
Energy Transfer LP (NYSE: ET) completed its $1.45 billion acquisition of Lotus Midstream Operations from an affiliate of EnCap Flatrock Midstream in May 2023. The deal added the Centurion Pipeline crude oil gathering system spanning the Permian Basin to the Cushing, Oklahoma, hub.
Oil and Gas
ONEOK Acquires Medallion Midstream
ONEOK acquired Medallion Midstream from Global Infrastructure Partners for $2.6 billion. The deal added the largest crude gathering system in the Midland Basin of the Permian, with over 1,300 miles of gathering pipelines.
Oil and Gas
Sunoco Acquires NuStar Energy
Sunoco LP completed its $7.3 billion acquisition of NuStar Energy in May 2024. The deal added approximately 9,500 miles of pipelines and 63 storage terminals across the United States and Mexico, expanding Sunoco beyond its core fuel distribution business.
Oil and Gas
Kinetik Holdings acquires Durango Permian
Kinetik Holdings completed its $765 million acquisition of Durango Permian from Morgan Stanley Energy Partners in June 2024. The deal added natural gas gathering, processing, and CO2 sequestration assets in the New Mexico Delaware Basin.
Oil and Gas
Howard Energy Partners Acquires Pinon Midstream
Enterprise Products Partners LP (NYSE: EPD) acquired Piñon Midstream, formerly a portfolio company of Black Bay Energy Capital, for $950 million in cash. The acquired assets, which include natural gas gathering and treating services, expand Enterprise's footprint in the eastern flank of the prolific Delaware Basin of Texas and New Mexico.
Oil and Gas
Enterprise Products Partners Acquires Navitas Midstream Partners
Enterprise Products Partners completed its $3.25 billion cash acquisition of Warburg Pincus-backed Navitas Midstream Partners in February 2022. The deal added 1,750 miles of pipelines and processing capacity in the Midland Basin of the Permian.