VLP
Valero Energy Partners LPNYSE
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  • Mon, Aug. 22, 5:43 PM
    • Valero Energy Partners (NYSE:VLP) agrees to acquire terminals at two refineries in Louisiana and Texas from Valero Energy (NYSE:VLO) for $325M.
    • The Meraux, La., assets have 3.9M barrels of storage capacity for crude oil, intermediates and refined petroleum products, while the Three Rivers, Tex., terminal has 2.25M barrels of capacity.
    • VLP expects the acquisition to add ~$25M of net income and $39M of EBITDA during the first year of operation.
    | Mon, Aug. 22, 5:43 PM | 5 Comments
  • Sep. 23, 2015, 4:43 PM
    • Valero Energy Partners (NYSE:VLP) agrees to acquire the Corpus Christi Terminal Services Business from Valero Energy (NYSE:VLO) for $465M.
    • The business includes two terminals that support VLO's Corpus Christi East and West refineries, with assets consisting of 134 tanks with 10.1M barrels of storage capacity for crude oil, intermediates and refined petroleum products.
    • Joe Gorder, CEO of VLP's general partner, says the deal helps the company stay on course to deliver 25%-plus Y/Y distribution growth.
    | Sep. 23, 2015, 4:43 PM | 11 Comments
  • Feb. 27, 2015, 12:30 PM
    • Valero Energy Partners (NYSE:VLP) agrees to acquire two terminal businesses from Valero Energy (NYSE:VLO) for ~$671M in cash and stock; VLP shares are halted.
    • The assets, located at the Houston Ship Channel and on the Mississippi River in Louisiana, consist of storage tanks with a combined 13.6M barrels of storage capacity.
    • Upon closing, VLP will enter into 10-year terminaling agreements with the VLO subsidiaries.
    • VP expects the acquired businesses to contribute ~$75M of EBITDA in their first full year of operation.
    | Feb. 27, 2015, 12:30 PM | 8 Comments