Public Company Energy

HF Sinclair

Dallas, Texas, United States

Headquartered in Dallas, Texas, HF Sinclair Corporation is an independent, diversified energy company. It manufactures and sells transportation fuels (including gasoline, diesel, jet fuel, and renewable diesel) and specialty products (including specialty lubricant products and specialty/modified asphalt), owns and operates refineries and renewable diesel facilities, and markets/distributes motor fuel through Sinclair-branded stations. HF Sinclair is the parent company to subsidiaries and brands including Sinclair Oil, Petro-Canada Lubricants, Sonneborn, Red Giant Oil, and HollyFrontier Specialty Products.

Focus Areas
Petroleum refining, Renewable diesel, Lubricants & specialty products

Tracked deals

3

3 tracked deals across 2022-2025.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

3 buyout

HF Sinclair Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for HF Sinclair. 1 2022 1 2023 1 2025

Supporting Data

Recent Transactions

  • HF Sinclair to Acquire Industrial Oils Unlimited for $38 Million
    December 9, 2025
    Buyer
    HF Sinclair
    Target
    Industrial Oils Unlimited
    Industry
    Oil & Gas
    Location
    Oklahoma, United States
    Type
    Buyout

    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.

  • HF Sinclair Acquires Holly Energy Partners
    December 1, 2023
    Buyer
    HF Sinclair Corporation
    Target
    Holly Energy Partners, L.P.
    Seller
    HEP common unitholders
    Industry
    Energy
    Location
    Texas, United States
    Type
    Buyout

    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.

  • HollyFrontier and HEP Acquire Sinclair Assets and Establish HF Sinclair Corporation
    March 15, 2022
    Buyer
    HollyFrontier Corporation, Holly Energy Partners, L.P., HF Sinclair Corporation
    Target
    Sinclair Oil Corporation, Sinclair Transportation Company
    Seller
    The Sinclair Companies
    Industry
    Oil & Gas
    Location
    Utah, United States
    Type
    Buyout

    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.

Related Acquisition Pages

Oil & Gas Buyers & Acquisitions 2 tracked deals by HF Sinclair. Energy Buyers & Acquisitions 1 tracked deal by HF Sinclair. Acquisitions in Oklahoma 1 tracked deal by HF Sinclair. Acquisitions in Texas 1 tracked deal by HF Sinclair. Acquisitions in Utah 1 tracked deal by HF Sinclair.

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