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Oil & Gas Refining & Marketing M&A image Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Mon., Sep. 20, 10:53 AM Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.

Slide #46. Vertex Energy, Inc. Substantially All of the Assets & Liabilities of Vertex Holdings

Acquirer: Vertex Energy, Inc. (NASDAQ:VTNR)
Acquiree: Substantially All of the Assets & Liabilities of Vertex Holdings
Details: Vertex Energy, Inc. announced that it has signed a definitive unit purchase agreement, with Vertex Holdings, L.P. and B & S Cowart Family L.P. to purchase all of Holdings' assets and liabilities relating to the business of transporting, storing, processing and re-refining petroleum products, crudes and used lubricants. Under the Purchase Agreement Holdings agreed to contribute all of its assets and liabilities relating to the Business, including its wholly-owned operating subsidiaries Cedar Marine Terminals, L.P., Crossroad Carriers, L.P., Vertex Recovery L.P. and H&H Oil, L.P.; and B&S LP agreed to contribute the real-estate associated with H&H Oil's operations held in B&S LP to Vertex Acquisition Sub, LLC and the Company agreed to acquire 100% of the equity interest in Acquired Company.

Vertex Energy is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Co. has three segments: Black Oil, which collects and purchases used motor oil directly from third-party generators, aggregates used motor oil, and sells used motor oil to its customers for use as a feedstock or replacement fuel for industrial burners; Refining and Marketing, which aggregates and manages the re-refinement of used motor oil and other petroleum by-products and sells the re-refined products to end customers; and Recovery, which includes a generator solutions company for the proper recovery and management of hydrocarbon streams.

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Company Name: 
Vertex Energy Inc.
Website: 
www.vertexenergy.com
Sector: 
Oil & Gas Refining & Marketing
Number of ETFs Holding VTNR: 
4
Total Market Value Held by ETFs: 
$9.53M
Total Market Capitalization: 
$378.00M
% of Market Cap. Held by ETFs: 
2.52%
 

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