On the Record · Delek US Energy
Delek US Energy acquisitions, on the record
The businesses Delek US 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 |
|---|---|---|---|
Crossett Facility (biodiesel plant in Crossett, Arkansas) from Pinnacle Biofuels, Inc.Word for word“In January 2014, we purchased a biodiesel plant in Crossett, Arkansas (the "Crossett Facility") from Pinnacle Biofuels, Inc. for approximately $11.1 million .” 10-K for 2014 | agreed acquisition | In January 2014 | approximately $11.1 million |
El Dorado Acquisition: certain storage tanks and the products terminal at the El Dorado refinery from Lion OilWord for word“In February 2014, a subsidiary of Delek Logistics completed the El Dorado Acquisition, whereby it purchased certain storage tanks and the products terminal located at the El Dorado refinery from Lion Oil for approximately $95.9 million in cash.” 10-K for 2014 | acquisition | In February 2014 | approximately $95.9 million |
Greenville-Mount Pleasant Assets (Mount Pleasant Terminal, Greenville Storage Facility and Greenville-Mount Pleasant Pipeline) from an affiliate of Magellan Midstream Partners, L.P.Word for word“On October 1, 2014 , Delek Logistics purchased (i) a light products terminal in Mount Pleasant, Texas (the "Mount Pleasant Terminal"), (ii) a light products storage facility in Greenville, Texas (the "Greenville Storage Facility") and (iii) a 76-mile pipeline connecting the locations (the "Greenville-Mount Pleasant Pipeline").” 10-K for 2014 | acquisition | On October 1, 2014 | — |
Frank Thompson Transport, Inc. (FTT) assetsWord for word“The aggregate purchase price of the FTT Assets was approximately $11.6 million , of which $0.5 million has been allocated to working capital and $11.1 million has been preliminarily allocated to property, plant and equipment, which is subject to change during the purchase price allocation period.” 10-K for 2014 | acquisition | — | approximately $11.6 million |
Tyler Acquisition: terminal, storage tanks and related assets adjacent to the Tyler refinery from a Delek subsidiaryWord for word“In July 2013, Delek Logistics completed the acquisition of a terminal, storage tanks and related assets adjacent to our refinery in Tyler, Texas (the "Tyler refinery") from one of our subsidiaries (the "Tyler Acquisition").” 10-K for 2014 | acquisition | In July 2013 | — |
Non-strategic retail locationsWord for word“During 2014 , we constructed 11 new large-format stores and divested 7 non-strategic locations.” 10-K for 2014 | divestiture | During 2014 | — |
Alon USA Energy, Inc. (ALJ Shares, approximately 48% equity interest acquired from Alon Israel Oil Company, Ltd.)Word for word“In May 2015, Delek acquired from Alon Israel Oil Company, Ltd. ("Alon Israel") approximately 33.7 million shares of common stock (the "ALJ Shares") of Alon USA Energy, Inc. (NYSE: ALJ) ("Alon USA"), pursuant to the terms of a stock purchase agreement with Alon Israel dated April 14, 2015 (the "Alon Acquisition").” 10-K for 2015 | agreed acquisition | In May 2015 | — |
El Dorado Offloading Racks Acquisition (two crude oil offloading racks and related ancillary assets adjacent to the El Dorado refinery, from Lion Oil)Word for word“In March 2015, a subsidiary of Delek Logistics completed the El Dorado Offloading Racks Acquisition from Lion Oil, which consisted of two crude oil offloading racks that are designed to receive up to 25,000 bpd of light crude oil or 12,000 bpd of heavy crude oil, or some combination of the two, delivered by rail to the El Dorado refinery and related ancillary assets adjacent to the El Dorado refinery (the "El Dorado Rail Offloading Racks").” 10-K for 2015 | acquisition | In March 2015 | — |
Tyler Crude Tank Acquisition (crude oil storage tank and related ancillary assets adjacent to the Tyler refinery, from Refining)Word for word“In March 2015, a subsidiary of Delek Logistics completed the Tyler Crude Tank Acquisition from Refining, which consisted of a crude oil storage tank with 350,000 barrels of shell capacity that supports the Tyler refinery and related ancillary assets adjacent to our Tyler refinery.” 10-K for 2015 | acquisition | In March 2015 | — |
123 trucks and 205 trailers from Frank Thompson Transport, Inc.Word for word“This resulted in more Gulf Coast bulk fuel purchases in our system giving us better access to advantageous pricing for our product.” 10-K for 2015 | acquisition | — | — |
10 non-strategic retail locationsWord for word“During 2015 , we constructed three new large-format stores and divested 10 non-strategic locations.” 10-K for 2015 | divestiture | During 2015 | — |
Retail Entities (MAPCO Express, Inc., MAPCO Fleet, Inc., Delek Transportation, LLC, NTI Investments, LLC and GDK Bearpaw, LLC)Word for word“In November 2016, we closed the Retail Transaction, pursuant to which we sold the Retail Entities to COPEC, which comprised our retail segment and a portion of our corporate, other and eliminations segment.” 10-K for 2016 | divestiture | November 2016 | — |
Alon USA Energy, Inc.Word for word“In January 2017, we announced a definitive agreement under which Delek will acquire all of the outstanding shares of Alon USA common stock which Delek does not already own in an all-stock transaction.” 10-K for 2016 | agreed acquisition | January 2017 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | $0 |
Deal filings since 2016
- 2017-01-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-17 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-10-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-09-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Delek US Energy’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-28. 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.