M&A Deal Summary

USD Partners Acquires Casper Crude to Rail

On October 12, 2015, USD Partners acquired construction company Casper Crude to Rail from Stonepeak for 225M USD

Acquisition Highlights
  • This is USD Partners’ 1st transaction in the Construction sector.
  • This is USD Partners’ largest (disclosed) transaction.
  • This is USD Partners’ 1st transaction in the United States.
  • This is USD Partners’ 1st transaction in Wyoming.

M&A Deal Summary
Date 2015-10-12
Target Casper Crude to Rail
Sector Construction
Buyer(s) USD Partners
Sellers(s) Stonepeak
Deal Type Add-on Acquisition
Deal Value 225M USD

Target

Casper Crude to Rail

Casper, Wyoming, United States
Casper Crude to Rail LLC is a company develop, construct and operate crude oil rail infrastructure.

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Buyer(S) 1

Buyer

USD Partners

Houston, Texas, United States

website

Category Company
Founded 2014
Sector Infrastructure
Revenue 112M USD (2022)
DESCRIPTION

USD Partners is a master limited partnership formed by US Development Group, LLC to acquire, develop and operate energy-related rail terminals and other high-quality and complementary midstream infrastructure assets and businesses. USD Partners was founded in 2014 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wyoming) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 USD Group - Hardisty South terminal assets

Hardisty, Alberta, Canada

USD Group's Hardisty South terminal assets load up to one and a half 120-railcar unit trains per day and consist of a fixed loading rack with 32 railcar loading positions. USD Group's Hardisty South terminal assets are based in Hardisty, Alberta.

Buy $75M

Seller(S) 1

SELLER

Stonepeak

Investor Investor Investor Investor

website

Category Infrastructure
Founded 2011
PE ASSETS 48.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 8
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wyoming) 1 of 1
Country (United States) 1 of 7
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 ExteNet Systems

Lisle, Illinois, United States

ExteNet Systems is a designer and operater of distributed networks for use by wireless carriers and property owners in key markets. Using distributed antenna systems (DAS), remote radio heads (RRH), small cells, Wi-Fi, software-defined network (SDN) based Evolved Packet Core (EPC) and other technologies, ExteNet deploys solutions to enhance wireless service and network performance across both outdoor and indoor environments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Hygo Energy Transition

Hamilton, Bermuda

Hygo Energy Transition is a provider of liquefied natural gas-based downstream services based in Hamilton, Bermuda.

Buy -
Mergr

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