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Vinson & Elkins Advises CVR Energy on $4.2 Billion Acquisition of Marathon Petroleum’s Midwest Refining and Marketing Business

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Vinson & Elkins advised CVR Energy, Inc. (NYSE: CVI) on its definitive agreement with subsidiaries of Marathon Petroleum Corporation (NYSE: MPC) to acquire Marathon’s St. Paul Park, Minnesota and Mandan, North Dakota refineries, and related marketing business for approximately $4.2 billion. The acquired business includes the 105,000 barrel-per-day St. Paul Park refinery, the 72,000 barrel-per-day Mandan refinery and a marketing business supplying approximately 590 branded locations across the Upper Midwest and Northern Great Plains and is expected to nearly double CVR Energy’s refining capacity. The transaction is expected to close by the end of 2026, subject to customary closing conditions and regulatory approvals.

The Vinson & Elkins M&A team was led by Partners Lande Spottswood and Nettie Downs and Senior Associate Matt Fiorillo, with assistance from Associates Jack Kimmel, Joshua Payne, Scott Callaghan, and Emelia Storner. The Vinson & Elkins commercial team was led by Partners Kaam Sahely, Bader Thabti, and Chris Taufatofua, and Associates Tom Aird, Kelly McGee, Garrett Finch, Katie Holmes, and Annelise Nguyen. Also playing key roles on the transaction were Partner Ryan Carney, Senior Associate Adam Bateman and Associate Paige Melton; Partner Sarah Mitchell, Senior Associate Victoria Bahrami-Negad and Associates Hana Arriaga, Zena Issa, and Tasha Nabila; Partner Matthew Dobbins and Senior Associate Kevin Moscon; Partner Courtney Hammond and Associate Caleigh Doran; Partners Hill Wellford and Kara Kurtiz, Counsel Ryan Will and Associate Adam Thomas; Partner David D’Alessandro, Counsel Regina Ibarra and Associate Reagan Gregory; Partner Becky Baker, Senior Associate Peter Goetschel and Associate Alexyse Lewis; Partner Ramey Layne; Partner Caitlin Lawrence, Senior Associate Regan Vicknair and Associate Lauren Speller; Counsel Rajesh Patel and Senior Associate Alexa Chally.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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