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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Plains All American Pays $500M for Oil Terminals

The deal puts a spotlight on middle-market energy M&A amid several larger deals within the sector

Plains All American Pipeline LP (NYSE: PAA) will acquire four operate crude oil rail terminals from U.S. Development Group for about $500 million.

The assets include crude oil rail loading terminals located in the Eagle Ford, Bakken and Niobrara regions with an aggregate loading capacity of 85,000 barrels per day.

Plains All American owns a network of rail facilities with 18 loading or unloading terminals that transports natural gas liquids through the U.S. and Canada. The Houston-based company transports, stores and markets crude oil, refined products and liquid natural gas.

U.S. Development Group, headquartered in Pasedena, Texas, owns and operates terminal facilities in the U.S.

The deal was announced on the heels of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) spending $10.3 billion on two oil and gas companies: Plains Exploration & Production Co. (NYSE: PXP) and McMoRan Exploration Co. (NYSE: MMR).

Recent energy sector deals have included First Reserve’s purchase of Ameriforge Group and Curtiss-Wright's acquisition of Cimarron Energy.

For more on the energy sector, see "Fracking Fuels Energy Deals."

 

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