Marathon Petroleum acquires interest in 3 ethanol plants

By Ascendant Partners Inc. | August 14, 2013

On Aug. 1, 2013, Marathon Petroleum Corp. acquired from Mitsui & Co. (U.S.A.) Inc. its interests in three ethanol companies for $75 million in cash. Under the agreement MPC acquired an additional 24 percent interest in The Andersons Clymers Ethanol LLC, a 34 percent interest in The Andersons Ethanol Investment LLC, and a 40 percent interest in The Andersons Albion Ethanol LLC.

Ascendant Partners Inc. served as Mitsui & Co.’s exclusive financial advisor for these transactions. Ascendant is a leading provider of professional capital solutions dedicated to serving clients in the food, agribusiness, and renewable energy industries and is a value-based organization built on a foundation of trust, integrity, accountability and client success.

An affiliate of Ascendant is a registered FINRA broker/dealer.