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Shell to sell Sinco pipeline system and Colex terminal to Edgewater Midstream

Aug 29, 2024over 1 year ago

Acquiring Company

Edgewater Midstream

Acquired Company

Shell

LondonBiomass EnergyEnergyManufacturing

Description

Shell announces the sale of Sinco pipeline system and Colex terminal to Edgewater Midstream in a strategic move to streamline its assets and focus on core operations.

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