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HollyFrontier Acquires Petro-Canada Lubricants Business From Suncor Energy

Date closed: 2/1/2017

Value: C$1.125 billion

HollyFrontier Corporation (HFC) announced the completion of the acquisition of Suncor Energy's Petro-Canada Lubricants business for C$1.125 billion.

HFC is an independent petroleum refiner in the United States with operations throughout the mid-continent, southwestern and Rocky Mountain regions.

Suncor Energy is a Canadian integrated energy company based in Calgary, Alberta specializing in the production of synthetic crude from oil sands. The Petro-Canada Lubricants plant, located in Mississauga, Ontario is the largest producer of base oils in Canada

The BLG team advising HFC on the transaction, along with HFC Vice President and General Counsel Denise McWatters and Morgan, Lewis & Bockius LLP, was led by partners Jim Elder and Neil Hazan and included Derek Powers, Kenza Bensaid (Corporate), Steve SuarezRichard Eisenbraun and Pam Cross (Tax), Subrata Bhattacharjee and Greg McLean (Competition and Investment Canada Act), Clifford HartMaddie Axelrod and James Fu (Labour and Employment), Andrew Harrison (Pensions), Catherine BrayBrennan Carroll and Andrew Guerrisi (Real Estate), Rick Coburn (Environmental), Christine Pallotta (IP) and Howard Silverman (Financial Services).