Law 360 – One Rock Nabs Chevron’s Hawaii Refinery, Gas Stations

Date: Apr 20, 2016

Law360, New York (April 20, 2016, 4:57 PM EDT) — A One Rock Capital Partners LP subsidiary has agreed to buy Chevron USA Inc.’s refining, distribution and retail assets in Hawaii for an undisclosed price, the private equity firm said Tuesday.

Following the transaction, Island Energy Services LLC will own Chevron’s 58,000-barrel-per-day refinery in Kapolei, Oahu; the oil giant’s interest in 58 retail gas stations; four distribution terminals on the islands of Oahu, Maui, Kauai and Hawaii; a pipeline system; and other assets across the state.