HollyFrontier and HEP Acquire Sinclair Assets and Establish HF Sinclair Corporation

HF Sinclair Acquires Holly Energy Partners

December 1, 2023

Energy

HF Sinclair Corporation completed the merger to acquire all outstanding common units of Holly Energy Partners, L.P., paying 0.3150 shares of HF Sinclair common stock and $4.00 in cash per HEP common unit. The transaction removed HEP from public trading and gives HF Sinclair full ownership of HEP's midstream terminals, pipelines and storage assets to better integrate and optimize its logistics and midstream capabilities.

NGL Energy Partners LP Acquires Hillstone Environmental Partners from Golden Gate Capital

November 1, 2019

Oil & Gas

NGL Energy Partners LP has agreed to acquire all equity interests of Hillstone Environmental Partners LLC from Golden Gate Capital for approximately $600 million. The acquisition adds Hillstone's produced water pipelines and disposal well network in the Northern Delaware Basin to NGL's existing Delaware Basin water platform, increasing disposal and transportation capacity and providing long-term contracted volumes.

HF Foods Group Acquires Sealand Food, Inc.

April 25, 2022

Food & Beverage

HF Foods Group Inc. has entered into an agreement to acquire substantially all assets of Sealand Food, Inc., a Richmond, Virginia–based frozen seafood supplier that serves Asian/Chinese restaurants across the U.S. East Coast. The acquisition expands HF Foods' distribution footprint into states where it previously had limited presence, bringing the combined network to serve roughly 15,000 restaurants and supporting HF Foods' goal of national scale and revenue growth.

Simplicity Group Acquires Sinclair Financial Solutions

November 3, 2021

Financial Services

The Simplicity Group has acquired St. Louis-based Sinclair Financial Solutions, adding the holistic financial planning firm to its roster of partner distribution businesses. Owners Erin Sinclair and Donald Schneider will become partners with Simplicity and continue to serve clients under the Simplicity brand.

Highstreet Insurance Partners Acquires H.G. Ellis Agency

September 20, 2024

Insurance

Highstreet Insurance Partners (HSIP) has acquired H.G. Ellis Agency, a Camden, New York-based insurance agency. The deal adds three locations and 11 employees to Highstreet's Northeast region; James Hutchinson will oversee the integration. Terms were not disclosed.

Phillips 66 Acquires Pinnacle Midstream from Energy Spectrum Capital

May 20, 2024

Energy

Phillips 66 has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle Midstream II) from private equity firm Energy Spectrum Capital for $550 million to expand its natural gas gathering and processing footprint in the Midland Basin. The assets include the Dos Picos 220 MMcf/d processing plant, ~80 miles of gathering pipeline and 50,000 dedicated acres; the deal is expected to close mid‑2024 subject to customary conditions, including HSR clearance.