Blueknight Energy Partners, L.P.
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Blueknight Energy Partners, L.P. - overview
Established
2007
Location
Tulsa, OK, US
Primary Industry
Oil & Gas
About
Blueknight Energy Partners, L. P. is an energy infrastructure company specializing in logistics and storage solutions for refined products and asphalt. They serve key markets through their extensive pipeline and terminal networks.
Blueknight Energy Partners, L. P. focuses on energy infrastructure, particularly in storage and logistics for asphalt and refined products. Established in 2007 in Tulsa, US, the company has completed 5 major deals.
It underwent changes such as the acquisition of Thompsons pipeline and associated assets from Ergon, Inc. in January 2014. The firm is led by CEOs Andy Woodward and Frank Tucker. Charlesbank Capital Partners has fully realized their investment in the company, which recently completed a PIPE funding round, raising USD 140.
00 mn, the total amount raised to date. Blueknight Energy Partners, L. P. offers a range of services including logistics and storage solutions for asphalt and refined products.
The company's infrastructure supports efficient transport and storage needs for governmental agencies and contractors engaged in the energy sector. Their operations enable seamless supply chain management, ensuring that clients have access to critical resources required for various energy projects. For the year 2021, Blueknight Energy Partners, L. P.
reported a revenue of USD 115. 42 mn, with an EBITDA of USD 50. 65 mn. Their business model is centered around long-term contracts and partnerships with state and local government agencies, focusing on reliable service delivery and product supply.
Blueknight Energy Partners, L. P. aims to enhance its service offerings by developing new products and expanding its infrastructure. The company is looking to enter new geographic markets to broaden its client base, with plans to finalize these expansions by 2024.
The recent funding of USD 140. 00 mn will be utilized to support these initiatives, strengthening their position in the energy infrastructure sector.
Current Investors
Nonantum Capital Partners
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Oil & Gas Transportation
Website
www.bkep.com
Total Amount Raised
Subscriber access only
Blueknight Energy Partners, L.P. - timeline of key events
Blueknight Energy Partners, L.P. - financials
| Fiscal Year Ended | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 156,800,000 | - | 176,707,000 | 182,395,000 | 194,671,000 | 186,626,000 | 180,029,000 | 177,394,000 | 181,939,000 | 384,835,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 3.2% | 6.7% | (4.1%) | (3.5%) | (1.5%) | 2.6% | 111.5% | - | - | - |
| EBITDA (USD) | - | - | 84,425,000 | 68,492,000 | 71,695,000 | 64,213,000 | 42,101,000 | 38,418,000 | 61,795,000 | 3,596,000 | - | - | - |
| Operating Income (USD) | - | - | 44,553,000 | 43,588,000 | 44,128,000 | 37,347,000 | 13,989,000 | 6,491,000 | 28,840,000 | (27,214,000) | - | - | - |
| Operating Margin | - | - | 25.2% | 23.9% | 22.7% | 20.0% | 7.8% | 3.7% | 15.9% | (7.1%) | - | - | - |
| % EBITDA Margin | - | - | 47.8% | 37.6% | 36.8% | 34.4% | 23.4% | 21.7% | 34.0% | 0.9% | - | - | - |
| NET Income (USD) | (16,500,000) | - | 33,475,000 | 31,565,000 | 28,035,000 | 27,572,000 | 6,396,000 | (4,840,000) | 20,045,000 | (42,047,000) | - | - | - |
| % Net Margin | (10.5%) | - | 18.9% | 17.3% | 14.4% | 14.8% | 3.6% | (2.7%) | 11.0% | (10.9%) | - | - | - |
Blueknight Energy Partners, L.P. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Blueknight Energy Partners, L.P. | - | ||||||||
| Buyout | Completed | Blueknight Energy Partners, L.P. | - | ||||||||
| PIPE | Completed | Blueknight Energy Partners, L.P. | - |
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Blueknight Energy Partners, L.P. - employee data
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