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Acquisition and sale news: Oil and gas

Hydrocarbon Engineering,


GE has announced that it has agreed to acquire Monsal, a private UK based water, waste and advanced anaerobic digestion and integrated biogas to energy business. With Monsal’s advanced anaerobic digestion technology and industry knowledge, GE will be able to help municipalities and industrial manufacturers shift from disposing wastewater treatment byproducts to generating renewable energy and other value form their streams. The acquisition of Monsal will enhance GE’s wastewater treatment product offerings and further GE’s commitment to energy reduction in wastewater treatment. GE will use its global reach, as well as commercial and execution capability, to take Monsal’s technology, integrate it with its own and proliferate it across the world.

Heiner Markhoff, President and CEO, GE Power & Water, water and process technologies said, ‘for many years, GE has been working to further the development of water reuse, wastewater and though to treat water technologies. The acquisition of Monsal, with its advanced anaerobic digestion technology, will enable us to provide our customers with more energy efficient options for water treatment solutions. Now our wastewater treatment solutions can be combined with new, advanced anaerobic digestion technologies to convert biosolids to renewable sources of energy for our customers.’

NGL Energy Partners LP

NGL Energy Partners LP has announced the completion of its acquisition form Morgan Stanley affiliates of TransMontaigne Inc., the limited partnership interest of TransMontaigne Partners L.P. held by TransMontaigne Inc. and the limited partnership interest of TransMontaigne Partners LP held by affiliates of Morgan Stanley, as well as certain entities associated with the TransMontaigne business as well as the related inventory and pipeline and other contract rights. The purchase of Morgan Stanley’s energy business related to TransMontaigne was completed on a debt free basis for a cash purchase price of US$ 200 million, including working capital, plus US$ 347 million for inventory transferred at the closing. The transaction did not involve the sale or purchase of any of the LP units owned by the public.


UGI Corporation has announced that its wholly owned French subsidiary, UGI Bordeaux Holding, has reached agreement in principle to acquire Total’s liquefied petroleum gas (LPG) distribution business in France for a price of between 400 and 450 million euros, subject to legally required employee information and consultation procedures and regulatory approval. Total’s French LPG business distributed over 265 million retail gal. of LPG in 2013, serving residential, commercial, industrial and autogas customers. UGI International distributed approximately 600 million retail gal. of LPG throughput Europe in fiscal 2013, which included more than 250 million retail gal. of LPG by Antargaz, France. As compared to Total’s French LPG business, Antargaz’s retail volumes are comprised of a higher percentage of sales to cylinder and small bulk customers. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close during the first half of 2015. Other terms of the transaction were not disclosed.

John L. Walsh, president and CEO, UGI said, ‘we look forward to adding Total’s French LPG business to our existing footprint in France, extending the reach of our business and expanding our residential and commercial customer base across all regions of the country. The acquisition of this high quality business reaffirms our commitment to add value for our shareholders through profitable growth in Europe.’


Xylem Inc. has announced the divestiture of its Wolverhampton, UK based vales business, Xyme Flow Control Limited, to Rotork Plc, a leading actuator manufacturer and flow control company, for approximately US$ 25 million. The business, part of Xylem’s Applied Water Systems Growth Centre, provides a wide range of pneumatic and hydraulic valves and related products to original equipment manufacturers, primarily in the oil and gas sector.

Patrick Decker, President and CEO, Xylem said, ‘this sale enables us to focus more sharply on our strategic core businesses and our strengths as a water technology focused company. At the same time, this business is a strong fit with Rotork’s portfolio and leading brands. I am confident that this business will benefit from its integration into Rotork’s portfolio and alignment with their long term goals.’

Edited from various sources by Claira Lloyd

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