About Buckeye Partners
Buckeye Partners is a company based in Toledo (United States) founded in 1886 was acquired by IFM Investors in May 2019.. The company has 1,621 employees as of December 31, 2022. Buckeye Partners has completed 3 acquisitions, including Bear Head Energy, Elysian and Swift Current Energy. Buckeye Partners offers products and services including Pipelines & Terminals, Alternative Energy, and Buckeye Energy Services. Buckeye Partners operates in a competitive market with competitors including NuStar Energy, MPLX, Ocensa, Lotus Midstream and Trans Mountain, among others.
- Headquarter Toledo, United States
- Employees 1621 as on 31 Dec, 2022
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Buckeye Partners, L.P.
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Annual Revenue
$4.11 B13as on Dec 31, 2018
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Net Profit
$-51.92 M-111as on Dec 31, 2018
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EBITDA
$686.45 M-28as on Dec 31, 2018
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Latest Funding Round
$400 M (USD), Debt – Conventional
Nov 09, 2017
- Investors
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Employee Count
1621
as on Dec 31, 2022
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Investments & Acquisitions
Bear Head Energy
& 2 more
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Acquired by
IFM Investors
(May 10, 2019)
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Products & Services of Buckeye Partners
Buckeye Partners offers a comprehensive portfolio of products and services, including Pipelines & Terminals, Alternative Energy, and Buckeye Energy Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Services for transporting and storing energy resources
Projects focused on reducing carbon emissions
Comprehensive services for energy market operations
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Software Development Team
41 people
Operations Team
29 people
Leadership Team
22 people
Sr. Team
20 people
Senior Team
20 people
Finance and Accounting
19 people
Legal and Compliance
14 people
Product Management Team
12 people
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Funding Insights of Buckeye Partners
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $400.0M
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First Round
First Round
(01 Sep 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Debt – Conventional - Buckeye Partners | Valuation |
investors |
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| Oct, 2016 | Amount | Debt – Conventional - Buckeye Partners | Valuation |
investors |
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| Dec, 2015 | Amount | Debt – Conventional - Buckeye Partners | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Buckeye Partners
Buckeye Partners has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include IFM Investors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors including healthcare are invested in by IFM Investors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Buckeye Partners
Buckeye Partners has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Bear Head Energy, Elysian and Swift Current Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Large-scale green hydrogen and ammonia production is developed and operated.
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2021 | ||||
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Provider of integrated carbon capture and storage solutions. It offers end-to-end services for industrial and power facilities, encompassing capture, transport, and storage. These solutions assist owners in transitioning to low-carbon products and meeting environmental, social, and governance (ESG) objectives. The company leverages partnerships to deliver large-scale, integrated CCS solutions.
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2018 | ||||
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Renewable energy project developer and investor
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Buckeye Partners
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Buckeye Partners Comparisons
Competitors of Buckeye Partners
Buckeye Partners operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NuStar Energy, MPLX, Ocensa, Lotus Midstream and Trans Mountain, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Liquid terminals and pipelines are operated in the energy sector.
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| domain | founded_year | HQ Location |
Crude oil pipelines are operated in the United States.
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| domain | founded_year | HQ Location |
Colombia's crude oil pipelines are managed across 830 kilometers.
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| domain | founded_year | HQ Location |
Crude oil transportation services are provided in the midstream sector.
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| domain | founded_year | HQ Location |
Provider of crude oil pipeline management services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Buckeye Partners
Frequently Asked Questions about Buckeye Partners
When was Buckeye Partners founded?
Buckeye Partners was founded in 1886 and raised its 1st funding round 128 years after it was founded.
Where is Buckeye Partners located?
Buckeye Partners is headquartered in Toledo, United States. It is registered at Toledo, Ohio, United States.
Who is the current CEO of Buckeye Partners?
Clark Smith is the current CEO of Buckeye Partners.
How many employees does Buckeye Partners have?
As of Dec 31, 2022, the latest employee count at Buckeye Partners is 1,621.
What is the annual revenue of Buckeye Partners?
Annual revenue of Buckeye Partners is $4.11B as on Dec 31, 2018.
What does Buckeye Partners do?
Buckeye Partners was founded in 1886 in Toledo, United States, within the energy sector. Midstream logistics services, including pipelines, terminals, and storage for refined products, are operated across North America. Focus is placed on transportation and distribution infrastructure. The company is led by CEO and President Clark Smith, with headquarters maintained in Ohio.
Who are the top competitors of Buckeye Partners?
Buckeye Partners's top competitors include NuStar Energy, MPLX and Ocensa.
What products or services does Buckeye Partners offer?
Buckeye Partners offers Pipelines & Terminals, Alternative Energy, and Buckeye Energy Services.
How many acquisitions has Buckeye Partners made?
Buckeye Partners has made 3 acquisitions, including Bear Head Energy, Elysian, and Swift Current Energy.
Who are Buckeye Partners's investors?
Buckeye Partners has 1 investor. Key investors include IFM Investors.