DOCSLIB.ORG

Jiffy Lube 6070 Stanford Ranch Rd, Rocklin, CA 95765 ™ OFFERING MEMORANDUM CONFIDENTIALITY & DISCLAIMER STATEMENT

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Jiffy Lube 6070 Stanford Ranch Rd, Rocklin, CA 95765 ™ OFFERING MEMORANDUM CONFIDENTIALITY & DISCLAIMER STATEMENT Jiffy Lube 6070 Stanford Ranch Rd, Rocklin, CA 95765 ™ OFFERING MEMORANDUM CONFIDENTIALITY & DISCLAIMER STATEMENT This Marketing Brochure contains select information pertaining to the business Like all real estate investments, this investment carries significant risks. Buyer and and affairs of Jiffy Lube located at 6070 Stanford Ranch Rd, Rocklin, CA 95765 Buyer’s legal and financial advisors must request and carefully review all legal and here to referred to as “Property”. Information in this Marketing Brochure is financial documents related to the Property and tenant. While the tenant’s past confidential and provided solely for the purpose of a review by a prospective performance at this or other locations is an important consideration, it is not a purchaser of the Property. It is not to be used for any other purpose and may not guarantee of future performance. be made available to any other person without the written consent of the Seller or Matthews Retail Group, Inc. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little This Marketing Brochure has been prepared by Matthews Retail Group, Inc. (also or no record of actual performance, or comparable rents for the area. Returns are known as Matthews Retail Advisors) based in part upon information supplied by not guaranteed; the tenant and any guarantors may fail to pay the lease rent or the Seller and in part upon financial information obtained from sources deemed property taxes, or may fail to comply with other material terms of the lease; cash reliable by Matthews Retail Group, Inc. However, Matthews Retail Group, Inc. has flow may be interrupted in part or in whole due to market, economic, environmental not and will not verify any of this information, nor has Matthews Retail Group, Inc. or other conditions. Regardless of tenant history and lease guarantees, Buyer is conducted any investigation regarding these matters. Matthews Retail Group, Inc. responsible for conducting his/her own investigation of all matters affecting the makes no guarantee, warranty or representation whatsoever about the accuracy intrinsic value of the Property and the value of any long-term lease, including the or completeness of any information provided. likelihood of locating a replacement tenant if the current tenant should default or abandon the Property, and the lease terms that Buyer may be able to negotiate with It is the Buyer’s responsibility to independently confirm the accuracy and a potential replacement tenant considering the location of the Property, and Buyer’s completeness of all material information before completing any purchase. This legal ability to make alternate use of the Property. Marketing Brochure is not a substitute for the Buyer’s thorough due diligence investigation of this investment opportunity. Matthews Retail Group, Inc. expressly By accepting this Marketing Brochure you agree to release the Seller and Matthews denies any obligation to conduct a due diligence examination of this Property for Retail Group, Inc. of any and all liability and hold the parties harmless from any kind the Buyer. Any projections, opinions, assumptions or estimates used in this of claim, cost, or expense arising out of your investigation and/or purchase of this Marketing Brochure are for example only and do not represent the current or Property. future performance of this Property. The value of a net leased property to the Buyer depends on factors that should be evaluated by the Buyer and their tax, NON-ENDORSEMENT NOTICE financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction Matthews Retail Group, Inc. is not affiliated with, sponsored by, or endorsed by any advisors should conduct a careful, independent investigation of any property to commercial tenant or lessee identified in this Marketing Brochure. The presence of determine to their satisfaction the suitability of the Property for their investment any corporation’s logo or name is not intended to indicate or imply affiliation with, or goals. sponsorship or endorsement by, said corporation of Matthews Retail Group, Inc., its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Matthews Retail Group, Inc., and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ii TABLE OF CONTENTS PRICING AND FINANCIAL ANALYSIS PRESENTED BY Investment Overview . 2 Financial Overview . 3 Dalton Barnes Company Overview . 4 Associate License No. 01984625 PROPERTY DESCRIPTION O 310.919.5791 Property Overview. 6 M 925.234.1772 Bird’s Eye . 7 [email protected] Tenant Map . 8 Regional Map. 9 Braden Crockett DEMOGRAPHICS Senior Associate Demographics Report . 11 License No. 01946071 City Overview . 12 O 310.919.5814 M 714.345.6206 [email protected] iii ™ Investment Overview INVESTMENT HIGHLIGHTS PROPERTY DETAILS • Reportedly doing over double the national average in annual sales at this location • Bond-like absolute NNN lease; tenant is responsible for all maintenance including roof and structure • Very rare 15% rent increases every 5 years and at each option period LOCATION • Explosive population growth; 2016 estimates nearly double the 2000 census in the 1, 3, and 5 mile radius • Located in the very affluent Rocklin area of the Sacramento market, boasting ± $100,000 average household incomes and 7 golf courses within a 5-mile radius • Close proximity to prominent retail locations, which draw traffic from the surrounding area; site is 5 miles away from the Roseville Automall and 2 miles away from the Westfield Galleria TENANT • Experienced operator - Broadbase, Inc. operates 35 locations in the Northern California market • Frequently winning awards within the Jiffy Lube Franchise System for their excellence • One of the few retail tenants that offers both an e-commerce and a recession proof investment 2 Financial Overview EXECUTIVE SUMMARY ANNUALIZED OPERATING DATA 6070 Stanford Ranch Rd Monthly Rent Annual Rent Rent PSF CAP Rate Rocklin, CA 95765 List Price . $2,402,533 Current $12,012.67 $144,152.00 $62.62 6.00% Gross Leasable Area . ±2,302 SF Option 1 $13,814.57 $165,774.80 $72.01 6.90% CAP Rate - Current. 6.00% Option 2 $15,886.75 $190,641.02 $82.82 7.94% Year Built . .2005 Option 3 $18,269.76 $219,237.17 $95.24 9.13% Lot Size . ±0.42 Acres (17,859 SF) TENANT SUMMARY Tenant Trade Name Jiffy Lube Type of Ownership Fee Simple Lease Guarantor Broadbase, Inc. Lease Type NNN Roof and Structure Tenant Responsible Original Lease Term 15 years Lease Commencement Date 2/18/2005 Rent Commencement Date 2/18/2005 Lease Expiration Date 2/29/2020 Term Remaining on Lease ±3.50 years Increases 15% Every 5 Years Options Three (3), Five (5) Year Options 3 ™ Company Overview A leading provider of oil changes, Jiffy Lube doesn’t expect to see its Tenant Jiffy Lube customers every day -- but about every three months or 3,000 miles. Company Name Jiffy Lube International, Inc. The company boasts more than 2,100 outlets throughout North America Ownership Private that are mostly franchised. The rest of its locations are company-owned and operated. Besides oil changes, Jiffy Lube facilities provide No. of Locations ±2200 maintenance services for air conditioning, fuel systems, and No. of Employees ±6,539 transmissions. At some of its locations, it also performs inspections and Headquartered Houston, Texas emissions testing, repairs windshields, and rotates tires. The company serves vehicle fleet operators, as well as individual consumers. Jiffy Web Site http://www.jiffylubearizona.com Lube, which is a subsidiary of Shell Oil Company, was founded in 1979. Year Founded 1979 Jiffy Lube grew from about 10 service centers in 1980 to about 1,000 centers in 1990, when it was acquired by Pennzoil. In 1998 Pennzoil merged with Quaker State, which had its own network of Q-Lubes that were later renamed as Jiffy Lube. In 2002 Royal Dutch Shell subsidiary Shell Oil acquired Pennzoil-Quaker State. Today, the company is the largest system of franchised service centers in North America. 4 Property Overview THE OFFERING Property Name . Jiffy Lube Property Address . .6070 Stanford Ranch Rd Rocklin, CA 95765 Assessor’s Parcel Number . 358-100-006 SITE DESCRIPTION Number of Stories . One Year Built . .2005 Gross Leasable Area (GLA) . ±2,302 SF Lot Size . ±0.42 Acres (17,859 SF) Type of Ownership. Fee Simple Parking . .±15 Surface Spaces Parking Ratio . 3.94 : 1,000 SF Landscaping . .Professional Topography. Generally Level CONSTRUCTION Foundation . .Concrete Slab Framing . Steel Exterior . .Brick Parking Surface . .Asphalt Roof . .Flat 6 PROPERTY DESCRIPTION Bird’s Eye ADT Stanford Ranch Rd ±19,000 7 ™ Tenant Map 8 PROPERTY DESCRIPTION Regional Map 9 ™ Demographics Report Population 1-Mile 3-Mile 5-Mile 2021 Projection 21,335 98,962 216,516 2016 Estimate 19,478 90,999 201,792 2010 Census 17,037 80,549 183,025 2000 Census 7,079 44,703 118,211 Growth 2016-2021 9.53% 8.75% 7.30% Growth 2010-2016 14.32% 12.97% 10.25% Growth 2000-2010 140.67% 80.19% 54.83% Households 2021 Projection 7,533 35,806 81,747 2016 Estimate 6,930 33,075 76,329 2010 Census 6,235 29,657 69,524 2000 Census 2,577 16,594 44,561 Growth 2016-2021 8.70% 8.26% 7.10% Growth 2010-2016 11.15% 11.53% 9.79% Growth 2000-2010 141.97% 78.72% 56.02% Income $0 - $15,000 6.48% 6.88% 7.11% $15,000 - $24,999 5.01% 6.56% 6.87% $25,000 - $34,999 6.43% 7.02% 7.28% $35,000 - $49,999 9.99% 9.81% 10.48% $50,000 - $74,999 16.42% 16.36% 16.49% $75,000 - $99,999 16.97% 13.80% 13.38% $100,000 - $124,999 12.75% 11.47% 11.14% $125,000 - $149,999 8.87% 8.74% 8.42% $150,000 - $199,999 9.08% 10.03% 9.73% $200,000 - $249,999 3.81% 4.36% 4.21% $250,000 - $499,999 3.43% 3.86% 3.77% $500,000+ 0.76% 1.11% 1.11% 2016 Est.
Load more

Recommended publications
  • TRANSACTIONS - Sell-Side Mergers and Acquisitions Advisory
    Page 1 of 11 test test TRANSACTIONS - Sell-Side Mergers and Acquisitions Advisory CLIENT CLIENT DESCRIPTION TRANSACTION DESCRIPTION TYPE CLIENT LOCATION DATE Advised on the sale of Circle K’s 48 Oklahoma City Circle K Stores Inc. A petroleum marketer and convenience store retailer Corporate Carve Out Oklahoma City, OK Jun-21 area stores to Casey’s General Stores, Inc. One of the largest independent propane retailers in the U.S., serving Advised on the sale of the company to Superior Plus Freeman Gas and Electric Co., Inc. nearly 70,000 customers in Georgia, North Carolina, South Carolina, Energy Services, Inc., a subsidiary of Superior Plus Company Sale Spartanburg, SC Jun-21 Tennessee, and Virginia Corp. (TSX:SPB) Advised on the sale of the company to an Toms Sierra Company, Inc. A petroleum marketer and convenience store retailer Company Sale Roseville, CA May-21 undisclosed buyer Advised on the sale of the company to Energy Van Unen/Miersma Propane, Inc. A large propane retailer in California Company Sale Ripon, CA May-21 Distribution Partners, LLC Advised on the sale of the companies to Trump Card ASAP Expediting & Logistics, LLC A leading provider of expedited freight solutions Holdings, LLC, a subsidiary of Magnate Worldwide, Company Sale Columbia, SC Feb-21 LLC and a portfolio company of CIVC Partners, L.P. Advised on the sale of the company’s U.S. wholesale petroleum distribution assets to PacWest Energy, R.M. Parks, Inc. A leading wholesale petroleum distributor Company Sale Porterville, CA Jan-21 LLC, a joint venture between Jackson Energy and Shell Oil Products US Advised on the sale of the company in a joint A leading petroleum marketer and convenience retailer d/b/a Alta venture entity between Fortress Investment Group Pester Marketing Company Company Sale Denver, CO Jan-21 Convenience LLC and a subsidiary of Phillips 66 Company (NYSE: PSX) A lubricants distributor, commercial fuel, and environmental services Advised on the sale of the company to RelaDyne New West Oil Company, L.L.C.
    [Show full text]
  • Negativliste. Fossil Energi
    Bilag 6. Negativliste. Fossil energi Maj 2017 Læsevejledning til negativlisten: Moderselskab / øverste ejer vises med fed skrift til venstre. Med almindelig tekst, indrykket, er de underliggende selskaber, der udsteder aktier og erhvervsobligationer. Det er de underliggende, udstedende selskaber, der er omfattet af negativlisten. Rækkeetiketter Acergy SA SUBSEA 7 Inc Subsea 7 SA Adani Enterprises Ltd Adani Enterprises Ltd Adani Power Ltd Adani Power Ltd Adaro Energy Tbk PT Adaro Energy Tbk PT Adaro Indonesia PT Alam Tri Abadi PT Advantage Oil & Gas Ltd Advantage Oil & Gas Ltd Africa Oil Corp Africa Oil Corp Alpha Natural Resources Inc Alex Energy Inc Alliance Coal Corp Alpha Appalachia Holdings Inc Alpha Appalachia Services Inc Alpha Natural Resource Inc/Old Alpha Natural Resources Inc Alpha Natural Resources LLC Alpha Natural Resources LLC / Alpha Natural Resources Capital Corp Alpha NR Holding Inc Aracoma Coal Co Inc AT Massey Coal Co Inc Bandmill Coal Corp Bandytown Coal Co Belfry Coal Corp Belle Coal Co Inc Ben Creek Coal Co Big Bear Mining Co Big Laurel Mining Corp Black King Mine Development Co Black Mountain Resources LLC Bluff Spur Coal Corp Boone Energy Co Bull Mountain Mining Corp Central Penn Energy Co Inc Central West Virginia Energy Co Clear Fork Coal Co CoalSolv LLC Cobra Natural Resources LLC Crystal Fuels Co Cumberland Resources Corp Dehue Coal Co Delbarton Mining Co Douglas Pocahontas Coal Corp Duchess Coal Co Duncan Fork Coal Co Eagle Energy Inc/US Elk Run Coal Co Inc Exeter Coal Corp Foglesong Energy Co Foundation Coal
    [Show full text]
  • Interceptor System Master Plan B 2000 GEOTECHNICAL AND
    Technical Memorandum 3 / Interceptor System Master Plan - 2000 June, 2000 Prepared for the Sacramento Regional County Sanitation District Interceptor System Master Plan B 2000 GEOTECHNICAL AND HAZARDOUS WASTE SITES OVERVIEW OF POTENTIAL IMPACTS Technical Memorandum 3 España Geotechnical Consulting Technical Memorandum 3 / Interceptor System Master Plan - 2000 June, 2000 Project No. J146 Technical Memorandum 3 / Interceptor System Master Plan - 2000 June, 2000 TABLE OF CONTENTS 1.0 Introduction ......................................................................................................................... 1 1.1 Purpose and Scope .................................................................................................. 1 2.0 Geotechnical Data ............................................................................................................... 1 2.1 General .................................................................................................................... 1 2.2 Regional Geology.................................................................................................... 2 2.3 Regional Groundwater Conditions.......................................................................... 2 3.0 Geotechnical Conditions of Potential Significant Impact ................................................... 3 3.1 Slope Instability and Liquefaction........................................................................... 3 3.2 Very Dense Cobbles and Boulders within the American River Channel...............
    [Show full text]
  • Jiffy Lube 640 N Wayne St Angola, IN
    NET LEASE INVESTMENT OFFERING Jiffy Lube NET640 LEASE N WayneINVESTMENT St OFFERING Angola, IN TABLE OF CONTENTS I. Executive Summary II. Location Overview III. Market & Tenant Overview Executive Summary Site Plan Tenant Profi le Investment Highlights Aerial Location Overview Property Overview Map Demographics Photos NET LEASE INVESTMENT OFFERING DISCLAIMER STATEMENT DISCLAIMER The information contained in the following Offering Memorandum is proprietary and strictly confi dential. It STATEMENT: is intended to be reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverifi ed information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, The Boulder Group has not verifi ed, and will not verify, any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NET LEASE INVESTMENT OFFERING EXECUTIVE SUMMARY EXECUTIVE The Boulder Group is pleased to exclusively market for sale a single tenant net leased Jiffy Lube property SUMMARY: located in Angola, Indiana.
    [Show full text]
  • Jiffy Lube 36167 Date Palm Dr, Cathedral City, Ca 92234 Exclusively Listed by MITCHELL GLASSON Wesley Connolly, MBA Associate Senior Associate
    ™ OFFERING MEMORANDUM Jiffy Lube 36167 Date Palm Dr, Cathedral City, cA 92234 exclusively listed by MITCHELL GLASSON Wesley connolly, MBA Associate Senior Associate [email protected] [email protected] DIR (949) 432-4502 DIR (949) 432-4512 MOB (707) 364-5650 MOB (707) 477-7185 LIC # 012016029 (CA) LIC # 01962332 (CA) investment highlights DEAL HIGHLIGHTS • Absolute NNN SoCal asset offered at a rare $400/SF • Unprecedented growth and development - Coachella Valley’s population is expected to increase 99.4% by 2035 • Exceptional lease guaranty with largest national Jiffy Lube franchisee operator (523 Units) – further details below • Subject property has 4 service bays and 2nd floor administrative office • Visibility to 20,000 + vehicles per day CATHEDRAL CITY & COACHELLA VALLEY • Economic Growth & Development - Cathedral City recently voted (March 2018) to pull back regulations and promote infrastructure, development and newfound revenue from the cannabis sector • Projects include a new downtown casino, national retail, hotels, live playhouse theater and performance arts centre; Date Palm Drive is currently being widened to three (3) car lanes + bike lanes (N & S) to account for increased traffic count attributed to new development. • 5.43% projected population growth rate 2018 - 2023 • Population: 1-Mile: 10,000 | 3-Mile: 54,859 | 5-Mile: 110,766 TOP-TIER TENANT (LARGEST FRANCHISEE OPERATOR) • In Q1 2018, leading middle-market private equity investment firm Wynnchurch Capital, LLC completed the acquisition of Heartland Automotive Services in partnership with Mid-Atlantic Lubes, Inc. and was renamed Team Car Care, LLC • Heartland Automotive Services, Inc. d/b/a Team Car Care, LLC is Jiffy Lube’s largest franchisee with ± 523 Locations across 26 states • Wynnchurch Co-Managing Partner, John Hatherly, “Heartland is a tremendous addition to our portfolio of service businesses.
    [Show full text]
  • 2005-2009 Financial and Operational Information
    FIVE-YEAR FACT BOOK Royal Dutch Shell plc FINaNcIAL aND OPERATIoNAL INFoRMATIoN 2005–2009 ABBREVIATIONS WE help meet ThE world’S growing demand for energy in Currencies € euro economically, environmentally £ pound sterling and socially responsible wayS. $ US dollar Units of measurement acre approximately 0.4 hectares or 4 square kilometres About This report b(/d) barrels (per day) bcf/d billion cubic feet per day This five-year fact book enables the reader to see our boe(/d) barrel of oil equivalent (per day); natural gas has financial and operational performance over varying been converted to oil equivalent using a factor of timescales – from 2005 to 2009, with every year in 5,800 scf per barrel between. Wherever possible, the facts and figures have dwt deadweight tonnes kboe/d thousand barrels of oil equivalent per day been made comparable. The information in this publication km kilometres is best understood in combination with the narrative km2 square kilometres contained in our Annual Report and Form 20-F 2009. m metres MM million Information from this and our other reports is available for MMBtu million British thermal unit online reading and downloading at: mtpa million tonnes per annum www.shell.com/annualreports mscm million standard cubic metres MW megawatts The webpages contain interactive chart generators, per day volumes are converted to a daily basis using a downloadable tables in Excel format, hyperlinks to other calendar year webpages and an enhanced search tool. Sections of the scf standard cubic feet reports can also be downloaded separately or combined tcf trillion cubic feet into a custom-made PDF file.
    [Show full text]
  • 2005 Annual Report on Form 20-F
    United States Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2005 Commission file number 1-32575 Royal Dutch Shell plc (Exact name of registrant as specified in its charter) England and Wales (Jurisdiction of incorporation or organisation) Carel van Bylandtlaan 30, 2596 HR, The Hague, The Netherlands tel. no: (011 31 70) 377 9111 (Address of principal executive offices) Securities Registered Pursuant to Section 12(b) of the Act Title of Each Class Name of Each Exchange on Which Registered American Depositary Receipts representing Class A ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value €0.07 each American Depositary Receipts representing Class B ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value of €0.07 each Securities Registered Pursuant to Section 12(g) of the Act None Securities For Which There is a Reporting Obligation Pursuant to Section 15(d) of the Act None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. Outstanding as of December 31, 2005: 3,817,240,213 Class A ordinary shares of the nominal value of €0.07 each. 2,707,858,347 Class B ordinary shares of the nominal value of €0.07 each. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Daniel Suarez
    DANIEL SUÁREZ Toyota Certified Used Vehicles Camry Team Report Round 17 of 36 – Quaker State 400 – Kentucky Car No.: 96 –Toyota Certified Used Vehicles Camry PR Contact: Laz Denes, True Speed Communication (704) 875-3388 ext. 806 or [email protected]) Primary Team Members: Driver: Daniel Suárez Crew Chief: Dave Winston Hometown: Monterrey, Mexico Hometown: Miami, Florida Technical Director: Nick Ollila Car Chief: Mark Hillman Hometown: Warren, Michigan Hometown: Lockport, New York Engine Builder: Toyota Racing Development Engine Specialist: Kirk Butterfield Headquarters: Costa Mesa, California Hometown: Carrollton, Ohio Spotter: Steve Barkdoll Hometown: Garrison, Iowa Over-The-Wall Crew Members: Gas Man: Cory White Front Tire Changer: Mike Mead Hometown: Vinson, Iowa Hometown: Sherrills Ford, North Carolina Jackman: Joel Bouagnon Rear Tire Changer: Brandon Traino Hometown: St. Charles, Illinois Hometown: Cherry Hill, New Jersey Windshield: Mark Hillman Tire Carrier: Mason Harris Hometown: Lockport, New York Hometown: Fort Oglethorpe, Georgia Kentucky Notes of Interest: After piloting the No. 19 NASCAR Cup Series Toyota for Joe Gibbs Racing in 2017 and 2018, then the No. 41 Cup Series entry for Stewart-Haas Racing in 2019, Suárez joined the single-car No. 96 Toyota Camry effort for Gaunt Brothers Racing (GBR) for the full 2020 season. Suárez will be making his 124th career NASCAR Cup Series start in Sunday’s Quaker State 400 at Kentucky Speedway in Sparta. He has career totals of eight top-five finishes, 32 top-10s and 242 laps led, with an average start of 17.5 and an average finish of 18.2. He also has qualified on the pole twice, most recently in this race last year in his Stewart-Haas entry.
    [Show full text]
  • D:\Documents and Settings\Ghales\My Documents
    ANALYSIS OF PROPOSED CONSENT ORDER TO AID PUBLIC COMMENT In the Matter of Shell Oil Company and Pennzoil-Quaker State Company File No. 021 0123, Docket No. C-4059 I. Introduction The Federal Trade Commission (“Commission” or “FTC”) has issued a complaint (“Complaint”) alleging that the proposed merger of Shell Oil Company (“Shell”) and Pennzoil- Quaker State Company (“Pennzoil”) (collectively “Respondents”) would violate Section 7 of the Clayton Act, as amended, 15 U.S.C. § 18, and Section 5 of the Federal Trade Commission Act, as amended, 15 U.S.C. § 45, and has entered into an agreement containing consent orders (“Agreement Containing Consent Orders”) pursuant to which Respondents agree to be bound by a proposed consent order that requires divestiture of certain assets (“Proposed Consent Order”) and a hold separate order that requires Respondents to hold separate and maintain certain assets pending divestiture (“Hold Separate Order”). The Proposed Consent Order remedies the likely anticompetitive effects arising from Respondents’ proposed merger, as alleged in the Complaint, and the Hold Separate Order preserves competition pending divestiture. II. Description of the Parties and the Transaction Shell Oil Company, headquartered in Houston, Texas, is the United States operating entity for the Royal Dutch/Shell Group of Companies (collectively referred to as “Shell”). Shell is engaged in virtually all aspects of the energy business, including exploration, production, refining, transportation, distribution, and marketing. As part of the relief ordered by the Commission in Chevron/Texaco, Docket C-4023 (Jan. 2, 2002), Texaco divested its interest in Equilon Enterprises LLC to Shell and its interest in Motiva Enterprises LLC to Shell and Saudi Refining Company.
    [Show full text]
  • Fuentes V. Royal Dutch Shell PLC Et
    Case 2:18-cv-05174-AB Document 1 Filed 11/29/18 Page 1 of 32 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA VICTOR FUENTES, individually Civil Action No.: ( %- S- J7 'f and on behalf of all others similarly situated, Complaint -- Class Action Plaintiff, Jury Trial Demanded v. / ROY AL DUTCH SHELL PLC, SHELL OIL COMPANY, PENNZOIL-QUAKER STATE COMP ANY and JIFFY LUBE INTERNATIONAL, INC., Defendants. INTRODUCTION I. Average hourly pay at Jiffy Lube shops in the United States ranges from approximately $8.14 per hour for an Entry Level Technician to $16. 88 per hour for an lnspector. 1 In contrast, the United States' "living wage"-the ··approximate income needed to meet a family's basic needs"-is $15.12. ~ 2. Likely contributing to this wage gap, according to a study by two Princeton economists, are no-poach provisions in franchise agreements which 1 https://www .indeed.com/cmp/Jiffy-Lube/salaries 2 Massachusetts Institute of Technology (MIT), http://bit.ly/20P0QvY. -1- Case 2:18-cv-05174-AB Document 1 Filed 11/29/18 Page 2 of 32 prohibit one shop owner from offering work to employees of another shop owner. 3 Jiffy Lube-which has more than 2,000 shops across the country­ imposed such a no-poach clause in both of its standard franchise agreements. 4 Owners of a Jiffy Lube franchise, for example, cannot hire anyone who works or has worked at another Jiffy Lube within the previous six months. One of the Princeton study' s authors explains that these no-poach provisions can "significantly influence pay" by obviating the need for franchise owners to compete for the best workers.
    [Show full text]
  • 2015 Shell Annual Report and Form 20-F
    ANNUAL REPORT Royal Dutch Shell plc Annual Report and Form 20-F for the year ended December 31, 2015 01 106 CONTENTS INTRODUCTION FINANCIAL STATEMENTS 01 Form 20-F AND SUPPLEMENTS 02 Cross reference to Form 20-F 106 Consolidated Financial Statements 04 Terms and abbreviations 153 Supplementary information – oil and 05 About this Report gas (unaudited) 173 Parent Company Financial Statements 06 185 Royal Dutch Shell Dividend Access Trust STRATEGIC REPORT Financial Statements 06 Chairman’s message 07 Chief Executive Officer’s review 190 08 Risk factors ADDITIONAL 13 Business overview INFORMATION 15 Strategy and outlook 190 Shareholder information 16 Market overview 197 Section 13(r) of the US Securities 18 Summary of results Exchange Act of 1934 disclosure 20 Performance indicators 198 Non-GAAP measures reconciliations 22 Selected financial data and other definitions 23 Upstream 200 Exhibits 41 Downstream 48 Corporate 49 Liquidity and capital resources Cover images 53 Environment and society 60 Our people The cover shows some of the ways that Shell helps to meet the world’s diverse energy needs – from supplying gas for cooking, heating, 62 and generating electricity for GOVERNANCE homes and businesses, to liquefied natural gas (LNG) to fuel trucks 62 The Board of Royal Dutch Shell plc and ships. Pearl, the world’s largest 65 Senior Management gas-to-liquids (GTL) plant, makes 66 Directors’ Report lubricants, fuels and products for 69 Corporate governance plastics. Prelude, the world’s largest floating LNG facility, will produce 83 Audit Committee Report LNG off the coast of Australia. 86 Directors’ Remuneration Report Designed by Conran Design Group carbon neutral natureOffice.com | NL-215-168617 Typeset by RR Donnelley print production Printed by Tuijtel under ISO 14001 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
    [Show full text]
  • Shell Midstream Partners, L.P. (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): January 18, 2021 Shell Midstream Partners, L.P. (Exact name of registrant as specified in its charter) Delaware 001-36710 46-5223743 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 150 N. Dairy Ashford, Houston, Texas 77079 (Address of principal executive offices and zip code) (832) 337-2034 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Trading Name of each exchange Title of each class Symbol(s) on which registered Common Units, Representing Limited Partner SHLX New York Stock Exchange Interests Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (*230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (*240.12b-2 of this chapter).
    [Show full text]