Corporate Finance Associates Wins 2019 Corporate | Strategic Deal of the Year
Red Giant Oil Co., a 108-year-old Council Bluffs, Iowa, company, is one of North America's largest blenders of locomotive engine oil. It is the sole supplier of locomotive engine oil to BNSF Railway and Kansas City Southern and is a major supplier to Union Pacific. The acquirer, HollyFrontier Corp., is based in Dallas. HollyFrontier agreed to keep Red Giant operating as a separate entity within HollyFrontier's lubrication division, which was a key factor in the Red Giant's shareholders decision to sell to HollyFrontier.
"It was a pleasure working with the management team at Red Giant", said Jim Zipursky, Chairman/CEO of CFA and the lead dealmaker on the Red Giant transaction. "It was clear this deal made sense on many levels. We congratulate HollyFrontier and Red Giant Oil for a very successful transaction."
The 18th Annual M&A Advisor Awards honor the professionals whose activities set the standard for M&A transactions. With more than 200 nominations in 2019, the awards once again honored top transactions, star deal making teams, and outstanding firms.