M&A Deal Summary

IFM Investors Private Equity Acquires Buckeye Partners

On May 10, 2019, private equity firm IFM Investors Private Equity acquired energy services and equipment company Buckeye Partners for 10.3B USD

Acquisition Highlights
  • This is IFM Investors Private Equity’s 1st transaction in the Energy Services and Equipment sector.
  • This is IFM Investors Private Equity’s largest (disclosed) transaction.
  • This is IFM Investors Private Equity’s 2nd transaction in the United States.
  • This is IFM Investors Private Equity’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-05-10
Target Buckeye Partners
Sector Energy Services and Equipment
Buyer(s) IFM Investors Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 10.3B USD
Advisor(s) Intrepid Investment Bankers LLC
Wells Fargo Securities (Financial)
Cravath, Swaine & Moore LLP (Legal)

Target

Buckeye Partners

Houston, Texas, United States
website
Entrance to Buckeye Partners' corporate headquarters in Houston, Texas.
Entrance to Buckeye Partners' corporate headquarters in Houston, Texas.
Buckeye Partners L.P. owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. Buckeye Partners is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered, with approximately 6,000 miles of pipeline. Buckeye also uses its expertise to operate and/or maintain third party pipelines and perform certain engineering and construction services for our customers. Buckeye Partners was originally established in 1886 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

IFM Investors Private Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

IFM Investors Private Equity is the private equity arm of global investment manager IFM Investors. IFM Investors Private Equity looks to acquire and invest in mid-sized Australian and New Zealand companies focused on growth. The Group is sector agnostic with a preference for healthcare, consumer brands, technology/media, and business services companies. IFM Investors Private Equity is based in Melbourne.

DEAL STATS #
Overall 5 of 8
Sector (Energy Services and Equipment) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 GCT Global Container Terminals

Vancouver, British Columbia, Canada

GCT Global Container Terminals operates four container terminals strategically located in the Ports of Vancouver, New York and New Jersey. GCT Global Container Terminals is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 My Plan Manager

Adelaide, Australia

My Plan Manager is a provider of plan management services to clients in the National Disability Insurance Scheme. My Plan Manager was founded in 2015 and is based in Adelaide, Australia.

Buy -
Mergr

Product

Company

Legal