On the Record · Buckeye Partners
Buckeye Partners acquisitions, on the record
The businesses Buckeye Partners 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 |
|---|---|---|---|
VTTI B.V. (indirect 50% equity interest)Word for word“In January 2017, we acquired an indirect 50% equity interest in VTTI for cash consideration of $1.15 billion (the “VTTI Acquisition”).” 10-K for 2016 | agreed acquisition | In January 2017 | $1.15 billion |
Indianola terminalling facilityWord for word“Net cash used in investing activities of $481.7 million for the year ended December 31, 2016 primarily related to $486.3 million of capital expenditures and $26.0 million related to the acquisition of the Indianola terminalling facility, which were partially offset by $19.9 million in refunded escrow deposits.” 10-K for 2016 | acquisition | — | $26.0 million |
Natural Gas Storage disposal group (Lodi Gas Storage, L.L.C.)Word for word“In December 2014, we completed the sale of our Natural Gas Storage disposal group for $102.6 million in cash, net of expenses and working capital adjustments of $2.4 million .” 10-K for 2016 | divestiture | In December 2014 | $102.6 million |
ammonia pipeline in TexasWord for word“Net cash used in investing activities of $614.9 million for the year ended December 31, 2015 primarily related to $594.5 million of capital expenditures and $21.4 million in escrow deposits, which were partially offset by $10.3 million of proceeds from the sale and disposition of assets, primarily due to the disposition of an ammonia pipeline in Texas.” 10-K for 2016 | divestiture | 2015 | $10.3 million |
indirect 50% equity interest in VTTIWord for word“In January 2017, we acquired an indirect 50% equity interest in VTTI for cash consideration of $1.15 billion (the “VTTI Acquisition”).” 10-K for 2017 | acquisition | In January 2017 | cash consideration of $1.15 billion |
VTTI Energy Partners LP (VTTI MLP)Word for word“In September 2017, VTTI acquired all of the outstanding publicly held units of VTTI Energy Partners LP, formerly a publicly traded master limited partnership (“VTTI MLP”), for an aggregate cash consideration of $473.6 million (the “VTTI Merger”).” 10-K for 2017 | merger | In September 2017 | aggregate cash consideration of $473.6 million |
VTTI (50% equity interest)Word for word“(ii) On January 17, 2019, we closed on the sale of our 50% equity interest in VTTI for $975.0 million.” 10-K for 2018 | divestiture | On January 17, 2019 | $975.0 million |
20% interest in Buckeye TexasWord for word“We acquired our partner’s interest in Buckeye Texas for $210.0 million , and as a result we now own 100% of Buckeye Texas.” 10-K for 2018 | acquisition | — | $210.0 million |
DPTS asset packageWord for word“Use of Divestiture Proceeds Proceeds of $444.6 million from the sale of the DPTS asset package on December 17, 2018 were used to reduce the indebtedness outstanding under our Credit Facility.” 10-K for 2018 | divestiture | December 17, 2018 | $444.6 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $26 million | $7.8 million |
| 2017-12-31 | $26.9 million | $2.8 million |
| 2018-12-31 | −$896,000 | — |
Deal filings since 2016
- 2019-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-05-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-23 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-10-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Buckeye Partners’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-15. 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.