HF Sinclair Acquires Holly Energy Partners

HollyFrontier and HEP Acquire Sinclair Assets and Establish HF Sinclair Corporation

March 15, 2022

Oil & Gas

HollyFrontier Corporation and Holly Energy Partners, L.P. completed acquisitions of Sinclair Oil Corporation and Sinclair Transportation Company from The Sinclair Companies and established HF Sinclair Corporation as the new public parent. As part of the transaction, HF Sinclair issued approximately 60.2 million shares to Sinclair (about 27% pro forma equity) and HEP issued 21 million common units to Sinclair (about 17% of outstanding units), creating a larger integrated downstream and midstream energy company with expanded refining, renewables and marketing capabilities.

HF Sinclair to Acquire Industrial Oils Unlimited for $38 Million

December 9, 2025

Oil & Gas

HF Sinclair, through its Lubricants and Specialties subsidiary, entered into a definitive agreement to acquire Tulsa-based Industrial Oils Unlimited in a $38 million transaction. The deal is expected to close in the first quarter of 2026, subject to customary closing conditions.

Phillips 66 Acquires Remaining Public Units of Phillips 66 Partners

March 9, 2022

Energy

Phillips 66 entered into and later completed an all-stock transaction to acquire all publicly held common units of Phillips 66 Partners not already owned by Phillips 66 and its affiliates. The deal resulted in Phillips 66 owning Phillips 66 Partners outright and ending its publicly traded partnership status effective March 9, 2022.

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.

CPE Funds Management Consortium Proposes to Acquire Hollysys Automation Technologies for $17.10 Per Share

June 29, 2021

IT Services

A buyer consortium consisting of CPE Funds Management Limited, Mr. Shao Baiqing, and Ace Lead Profits Limited commenced a shareholder consent solicitation to support its proposed all-cash acquisition of Hollysys Automation Technologies Ltd. at $17.10 per share. The consortium is seeking shareholder resolutions to enable the proposed acquisition to proceed despite the company board’s inaction, with additional shareholder consideration planned after execution of a definitive merger agreement.

SiEnergy to Acquire EPCOR's Hughes Gas Resources in Texas for $60 Million

May 5, 2025

Energy

SiEnergy Operating, a wholly owned subsidiary of Northwest Natural Holding Company, has agreed to acquire 100% of Hughes Gas Resources, Inc. (EPCOR Texas Gas) from EPCOR USA for $60 million. The deal is expected to close in the second quarter of 2025 as SiEnergy expands its natural gas utility presence in the Houston metro area.