On the Record · Adams Resources & Energy

Adams Resources & Energy acquisitions, on the record

The businesses Adams Resources & Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Victoria Express Pipeline, LLC (VEX) and certain related pipeline terminal facility assets Word for word“On October 22, 2020, we and our subsidiary, GulfMark Terminals, LLC (“GMT”) entered into a purchase and sale agreement with EnLink Midstream Operating, L.P. for the purchase of the outstanding equity interests of Victoria Express Pipeline, LLC (“VEX”) and certain related pipeline terminal facility assets for $ 20.0 million, plus a cash payment of $ 0.5 million for working capital items.” 10-K for 2021	acquisition	October 22, 2020	$ 20.0 million
substantially all of the transportation assets of Comcar's subsidiary, CTL Transportation, LLC (CTL) Word for word“On June 26, 2020, we closed on the asset acquisition for approximately $ 9.0 million in cash.” 10-K for 2021	acquisition	June 26, 2020	approximately $ 9.0 million in cash
Firebird Bulk Carriers, Inc. and Phoenix Oil, Inc. Word for word“On August 12, 2022, we completed our acquisition of all of the equity interests of Firebird Bulk Carriers, Inc. (“Firebird”) and Phoenix Oil, Inc.” 10-K for 2022	acquisition	On August 12, 2022, we completed our acquisition	—
Firebird Bulk Carriers, Inc. (“Firebird”) and Phoenix Oil, Inc. (“Phoenix”) Word for word“On August 12, 2022, we entered into a purchase agreement with each of Scott Bosard, Trey Bosard and Tyler Bosard (collectively, the “Sellers”) to acquire all of the equity interests of Firebird Bulk Carriers, Inc. (“Firebird”) and Phoenix Oil, Inc. (“Phoenix”) for approximately $39.3 million, consisting of a cash payment of $35.4 million, 45,777 of our common shares valued at $1.4 million, of which 15,259 shares were issued immediately and 30,518 shares will be issued over a three year period, and contingent consideration valued at approximately $2.6 million.” 10-K for 2022	agreed acquisition	On August 12, 2022	approximately $39.3 million
Victoria Express Pipeline, L.L.C. (VEX) Word for word“Pipeline and Storage Our pipeline and storage segment consists of the operations of two of our wholly-owned subsidiaries, which constitute the VEX Pipeline System: (i) Victoria Express Pipeline, L.L.C. (“VEX”), which we acquired on October 22, 2020 and which owns the VEX pipeline, and (ii) GulfMark Terminals, LLC (“GMT”), which was formed in October 2020 to hold the related terminal facility assets we acquired with the VEX Pipeline System.” 10-K for 2023	acquisition	October 22, 2020	—
a trucking company operating in the Red River area Word for word“In October 2018, we acquired a trucking company that owned approximately 113 tractors and 126 trailers operating in the Red River area, and subsequently entered into a new revenue agreement at that time.” 10-K for 2023	acquisition	October 2018	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses
2016-12-31	—	$0
2017-12-31	—	$2.8 million
2018-12-31	$10.3 million	$0
2019-12-31	$5.6 million	$0
2020-12-31	$0	—
2021-12-31	$0	—
2022-12-31	$33.1 million	—
2023-12-31	$0	—

Deal filings since 2016

2025-02-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-02-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2024-11-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-07-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-08-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-08-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-08-17 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-05-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-10-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-10-22 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-06-29 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-05-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-08-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Adams Resources & Energy’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-03-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.