logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Edgewater Midstream completes acquisition of Refined Products Logistics Assets from Shell USA, Inc.

Dec 03, 2024•about 1 year ago

Acquiring Company

Edgewater Midstream

Acquired Company

Puget Sound Refinery

Description

Edgewater Midstream LLC, based in Houston, has successfully closed the acquisition of the Sinco Pipeline system and the Colex East and Colex West Terminals in the Houston refining corridor from certain subsidiaries of Shell USA, Inc. This strategic acquisition further solidifies Edgewater's position as a provider of independent midstream solutions and expands its portfolio of refined products logistics assets.

Company Information

Company

Edgewater Midstream

About

Edgewater Midstream provides independent midstream solutions in North America to refiners, producers and marketers of crude oil, refined products and other bulk liquids.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed