A History of Growth

From inception, our strategic vision has been to merge the acquisition savvy of a private equity firm with the management and operational expertise of seasoned energy industry veterans.  The result is a company that has become one of the more active acquirers of downstream energy assets.  However, our success has not been solely the result of an opportunistic acquisition strategy.  Our growth has hinged greatly on the ability of management to consistently enhance the efficiency and profitability of purchased assets.  The good news for our shareholders is that we’re just getting started.  Since 2001, we have completed 11 acquisitions in the refining, marketing/logistics and convenience store industries.  Today, these assets are held in three segments – Delek Refining, Ltd., Delek Marketing & Supply, LP and MAPCO Express, Inc. – which, collectively, form our asset base.  The merging of assets from across the downstream energy supply chain has positioned us to benefit from a diversified revenue base – a key advantage when compared with “pure-play” competitors whose profitability is linked to a single business or industry.  At an operational level, this diversified revenue base has generated consistent growth and profitability for our shareholders year in and year out.  By leveraging the synergies, scalability and operational efficiencies that overlap throughout our asset portfolio, we are an attractive investment opportunity in virtually any business cycle.

We have integrated our refinery acquisition, six convenience store chain acquisitions and a pipeline and terminal acquisition since our formation in May 2001. Our principal acquisitions since inception are summarized below: