Tracked deals
4
4 tracked deals across 2021-2024.
Public Company
Energy
Phillips 66
Houston, Texas, United States
As a leading integrated downstream energy provider, Phillips 66 powers operations that keep life moving forward—enabling products across refining, midstream, chemicals, and marketing/NGL businesses.
- Focus Areas
- Refining, Midstream pipelines and terminals, Chemicals
- Website
- phillips66.com
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Buyout
3 buyout · 1 addon
Phillips 66 Acquisition Volume by Year
Last 3 years
Supporting Data
Recent Transactions
-
- Buyer
- Phillips 66
- Target
- Pinnacle Midland Parent LLC (Pinnacle Midstream II LLC)
- Seller
- Energy Spectrum Capital
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
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.
-
August 17, 2022
- Buyer
- Phillips 66
- Target
- DCP Midstream, LP
- Seller
- Enbridge Inc.
- Industry
- Oil & Gas
- Location
- Colorado, United States
- Type
- Buyout
Phillips 66 realigned joint-venture interests with Enbridge to increase its economic stake in DCP Midstream, LP from 28.26% to 43.31%, and will oversee the joint venture’s interest in DCP including the General Partner. The transaction (which included a roughly $400 million cash contribution from Phillips 66 and merged Gray Oak Holdings into DCP Midstream) closed on August 17, 2022 and is intended to integrate Phillips 66’s NGL value chain from wellhead to market.
-
- Buyer
- Phillips 66
- Target
- Phillips 66 Partners
- Seller
- Publicly held Phillips 66 Partners common unitholders not already owned by Phillips 66 and its affiliates, Phillips 66 Partners preferred unit holders (converted prior to exchange)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
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.
-
- Buyer
- Alta Convenience (CF Altitude LLC), Fortress Investment Group LLC, Phillips 66 Co.
- Target
- Red Horse Oil Co (Get 'N Go Stores)
- Seller
- Red Horse Oil Co, Jay Schneiders
- Industry
- Retail
- Location
- Wyoming, United States
- Type
- Addon
Alta Convenience (CF Altitude LLC), a joint venture between Fortress Investment Group and Phillips 66, acquired five Get ’N Go convenience stores from Rock Springs, Wyoming-based Red Horse Oil. The seller, Jay Schneiders, monetized his investment; Alta will integrate the stores into its Denver-based portfolio of convenience stores, which totals roughly 106 locations across four states.
Related Acquisition Pages
Energy Buyers & Acquisitions
2 tracked deals by Phillips 66.
Oil & Gas Buyers & Acquisitions
1 tracked deal by Phillips 66.
Retail Buyers & Acquisitions
1 tracked deal by Phillips 66.
Acquisitions in Texas
2 tracked deals by Phillips 66.
Acquisitions in Colorado
1 tracked deal by Phillips 66.
Acquisitions in Wyoming
1 tracked deal by Phillips 66.
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