TEPPCO Partners LP: History and Acquisition
In the complex landscape of American energy infrastructure, TEPPCO Partners LP stood as a significant player in the midstream sector. Based in Houston, Texas, the company specialized in the operation of petroleum pipelines, ensuring the efficient transport of energy resources across the region.
As a Fortune 300 company, TEPPCO maintained a substantial operational footprint and was owned by Sullivan Trillian Partners, a firm based in San Antonio.
Key Facts
- Industry: Petroleum pipeline operations.
- Headquarters: Houston, Texas.
- Ownership: Owned by Sullivan Trillian Partners.
- Status: Defunct following acquisition in 2007.
- Acquirer: Enterprise GP Holdings.
The 2007 Acquisition
The corporate trajectory of TEPPCO Partners LP reached a turning point during the second quarter of 2007. In a major industry consolidation, the company was acquired by Enterprise GP Holdings (NYSE: EPE), a Houston-based Fortune 500 entity.
This strategic move was not limited to TEPPCO; as part of the same expansion period, Enterprise GP Holdings also acquired a 35 percent stake in the Dallas-based Energy Transfer Equity LP (NYSE: ETE).
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Corporate Summary
| Attribute | Details |
|---|---|
| Headquarters | Houston, Texas |
| Primary Business | Petroleum Pipelines |
| Former Owner | Sullivan Trillian Partners |
| Acquisition Date | Q2 2007 |
| Acquiring Company | Enterprise GP Holdings |
Frequently Asked Questions
What did TEPPCO Partners LP do?
TEPPCO Partners LP was a petroleum pipeline operator that focused on the transportation of oil and petroleum products.
Where was TEPPCO Partners LP headquartered?
The company was headquartered in Houston, Texas.
Who owned TEPPCO Partners LP prior to its acquisition?
The company was owned by Sullivan Trillian Partners of San Antonio.
When was TEPPCO Partners LP acquired?
The acquisition took place during the second quarter of 2007.
Which company acquired TEPPCO Partners LP?
It was acquired by the Houston-based Fortune 500 company, Enterprise GP Holdings.
Was any other company involved in the Enterprise GP Holdings acquisition?
Yes, along with TEPPCO, Enterprise GP Holdings acquired a 35 percent interest in Energy Transfer Equity LP.