Oil & Gas Acquisitions in Utah

Imperative Chemical Partners, a Midland, Texas-based oilfield chemical services provider, has acquired Western Chemical, a Roosevelt, Utah operator focused on the Uinta Basin. The deal expands Imperative’s geographic coverage and customer footprint in the Lower 48 and retains Western founder Joe Arnold in a leadership role within the combined organization.

Bridgesource, a subsidiary of Clyde Companies, has acquired First Source Fuels, a Utah-based provider of fuel, oil and lubricants. The acquisition expands Bridgesource's product and geographic reach across the Intermountain West and is intended to improve operational efficiency and customer service.

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.

Parkland Fuel Corporation, through its U.S. subsidiaries (Parkland USA), has entered into an agreement to acquire the entities and assets of Kellerstrass Oil Company, a regional retail dealer and commercial fuel business based in Salt Lake City with branches in Utah, Idaho and Wyoming. The acquisition — which includes storage assets, a 17-car rail spur, trucking/routing capabilities and an 84-location dealer business — is intended to strengthen Parkland's Rockies Regional Operating Center, support its North American diesel platform and deliver supply and logistical efficiencies.

CIRCOR International has signed a definitive agreement to acquire Critical Flow Solutions (CFS) for $210 million. CFS, a Salt Lake City–based manufacturer of severe-service valves and automation equipment for petroleum refineries with approximately 200 employees, will expand CIRCOR's presence in downstream refining and increase exposure to high-margin aftermarket sales.