R. Clyde on corporate restructuring
From A Conversation With Andrew Clyde / President & CEO / Murphy USA · · Stephens Inc.
“We spun off a former fuel corporation, a global exploration and production company, in 2013 and at the time of the spin we also took with us some non-core assets including a crude pipeline at the Camp pipeline system.”
On , R. Clyde, President, Chief Executive Officer & Director at MURPHY USA INC, spoke about corporate restructuring during A Conversation With Andrew Clyde / President & CEO / Murphy USA on Stephens Inc..
About R. Clyde
In a 2018 conversation, Andrew Clyde, President and CEO of Murphy USA, discussed the company's history and its work with Stephens. He stated that Murphy USA is a gasoline and convenience retailer with close to 1,350 stores in 25 states. Clyde noted that the company spun off from a former fuel corporation in 2013 and at that time also took non-core assets, including a crude pipeline system. Clyde said that Murphy USA looked to Stephens to help sell the asset because of their experience with middle market companies. He described Stephens as "very helpful" in sorting through buyers to find those seriously interested. Clyde added that when Murphy USA trusts Stephens with a transaction, they also entrust them with their relationship, and that Stephens does "a great job" representing the company to third parties such as insurance companies, buy-side investors, or transaction partners.