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On the Record · HollyFrontier

HollyFrontier acquisitions, on the record

The businesses HollyFrontier 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

BusinessDealWhenValue
Sonneborn US Holdings Inc. and Sonneborn Coöperatief U.A. (Sonneborn)
Word for word“On November 12, 2018, we entered into an equity purchase agreement to acquire 100% of the issued and outstanding capital stock of Sonneborn US Holdings Inc. and 100% of the membership rights in Sonneborn Coöperatief U.A. (collectively, “Sonneborn”).” 10-K for 2019
acquisition——
Red Giant Oil Company LLC (Red Giant Oil)
Word for word“On July 10, 2018, we entered into a definitive agreement to acquire Red Giant Oil Company LLC (“Red Giant Oil”), a privately-owned lubricants company.” 10-K for 2019
acquisition——
Petro-Canada Lubricants Inc. (PCLI)
Word for word“On October 29, 2016, we entered into a share purchase agreement with Suncor Energy Inc. (“Suncor”) to acquire 100% of the outstanding capital stock of Petro-Canada Lubricants Inc. (“PCLI”).” 10-K for 2019
acquisition——
remaining 75% interest in SLC Pipeline LLC and remaining 50% interest in Frontier Aspen LLC (Frontier Pipeline), acquired by HEP
Word for word“On October 31, 2017, HEP acquired the remaining 75% interest in SLC Pipeline LLC, the owner of a pipeline that serves refineries in the Salt Lake City, Utah area (the “SLC Pipeline”), and the remaining 50% interest in Frontier Aspen LLC, the owner of a pipeline running from Wyoming to Frontier Station, Utah (the “Frontier Pipeline”), from subsidiaries of Plains for cash consideration of $250.0 million.” 10-K for 2019
acquisitionOn October 31, 2017for cash consideration of $250.0 million.
Sonneborn US Holdings Inc. and Sonneborn Coöperatief U.A.
Word for word“The acquisition closed on February 1, 2019.” 10-K for 2021
acquisitionFebruary 1, 2019—
Red Giant Oil Company LLC
Word for word“The acquisition closed on August 1, 2018.” 10-K for 2021
acquisitionAugust 1, 2018—
Petro-Canada Lubricants Inc.
Word for word“Cash consideration paid was $862.1 million, or $1.125 billion Canadian dollars.” 10-K for 2021
acquisition—$862.1 million, or $1.125 billion Canadian dollars
Sinclair Transportation Company
Word for word“Additionally, on August 2, 2021, HEP, Sinclair and Sinclair Transportation Company, a wholly owned subsidiary of Sinclair ("STC"), entered into a contribution agreement (the "Contribution Agreement") pursuant to which HEP will acquire all of the outstanding shares of STC in exchange for 21 million newly issued common limited partner units of HEP and cash consideration equal to $325 million (the "HEP Transactions", and together with the HFC Transactions, the "Sinclair Transactions"), subject to downward adjustment if, as a condition to obtaining antitrust clearance for the Sinclair Transactions, HEP agrees to divest a portion of its equity interest in UNEV Pipeline, LLC and the sales price for such interests does not exceed the threshold provided in the Contribution Agreement.” 10-K for 2021
agreed acquisitionAugust 2, 202121 million newly issued common limited partner units of HEP and cash consideration equal to $325 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$0
2017-12-31$870.6 million
2018-12-31$54.2 million
2019-12-31$662.7 million
2020-12-31$0
2021-12-31$624.3 million

Deal filings since 2016

Read from HollyFrontier’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-23. 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.