HF Sinclair to Purchase Remaining Stake in Pipeline Operator Holly Energy

August 17, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy company HF Sinclair Corporation (NYSE:DINO) (Dallas, Texas) said Wednesday it has entered a definitive agreement to acquire all outstanding shares of pipeline operator Holly Energy Partners LP (NYSE:HEP) it does not already own in a cash-and-stock acquisition worth $1.44 billion, according to a calculation from Reuters. Industrial Info is tracking nearly $600 million worth of projects from HF Sinclair, more than half of which is attributed to maintenance and upgrades, as well as operational assets from Holly Energy.