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


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


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:
Tesoro Logistics Buys Pipeline for $400M

Chevron Pipeline is selling off 760 miles of oil pipeline through the deal

Tesoro Logistics LP (NYSE:TLLP) has purchased Chevron Pipeline Co.’s Northwest Products Pipeline System for $400 million.

The pipeline is 760 miles long, going from Salt Lake City to Spokane, Wash. The deal also includes a separate five-mile long pipeline to the Salt Lake City International Airport.

Tesoro amended its $300 million credit facility up to $500 million on Dec. 7.

Houston-based Chevron is a subsidiary of Chevron Corp. (NYSE: CVX).  The company has about 10,000 miles of pipelines.

Jones Day advised Chevron on the deal.

The deal comes as several other energy M&A deals were announced, including Rosneft’s $56 billion purchase of TNK-BP, and Spectra Energy’s $1.49 billion purchase of the Express-Platte Pipeline System

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


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