Global Partners LP Acquires Four Liquid Energy Terminals from Gulf Oil

Global Partners LP Acquires 25 Liquid Energy Terminals from Motiva Enterprises

December 21, 2023

Oil & Gas

Global Partners LP completed the acquisition of 25 liquid energy terminals from Motiva Enterprises LLC for $305.8 million in cash, supported by a 25-year take-or-pay throughput agreement with Motiva. The purchase nearly doubles Global's U.S. terminal footprint, expanding access to marine loading facilities and major refined-product pipelines to strengthen its supply, storage and retail network.

Global Partners and ExxonMobil Acquire 64 Houston-Area Convenience and Fueling Sites from Landmark Group

March 29, 2023

Retail

Global Partners LP and ExxonMobil have signed an agreement to acquire 64 Houston-area convenience and fueling facilities from the Landmark Group. The assets will be purchased under the joint venture Spring Partners Retail LLC, with Global Partners acting as the management company/operator; the transaction is expected to close in Q2 2023, subject to regulatory clearance.

Zenith Energy Acquires Bulk Terminal Storage from Guttman Realty

February 2, 2021

Energy

Zenith Energy Terminals Holdings LLC has completed the acquisition of the assets of Bulk Terminal Storage from Guttman Realty, adding three storage terminals in Aurora, Ohio; Belle Vernon, Pennsylvania; and Star City, West Virginia with 560,000 barrels of aggregate capacity. The deal expands Zenith’s Midwest and Marcellus/Utica footprint and strengthens its ability to store conventional fuels and alternative fuels including renewable diesel, biofuel and ethanol.

Energy Transfer LP to Acquire Crestwood Equity Partners LP

August 16, 2023

Oil & Gas

Energy Transfer LP has entered into a definitive agreement to acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion (including assumed debt). The deal extends Energy Transfer’s midstream footprint deeper into the Williston, Delaware and Powder River basins and adds gathering, processing, storage and terminal assets that complement its existing NGL, crude and export capabilities.

Zenith Energy Acquires Three West Coast Terminals from Plains All American Pipeline

October 16, 2020

Energy

Zenith Energy U.S., L.P. completed the acquisition of three interconnected terminals in greater Los Angeles (Long Beach, Dominguez Hills and Alamitos) from Plains All American Pipeline. The assets include an aggregate storage capacity of 8.2 million barrels and ~50 miles of bi-directional pipeline, giving Zenith a strategic foothold in the Los Angeles market to serve refineries, biorefineries and marine docks.

United Energy Corporation Acquires Integrity Terminals, LLC

August 5, 2022

Energy

United Energy Corporation (UNRG) acquired 100% of Integrity Terminals, LLC, expanding its midstream footprint and moving from a prior 12% minority stake to full ownership. The acquisition includes an option to purchase 686 acres in Iberville Parish, Louisiana, for a planned Gulf Coast bulk storage and import/export terminal; UNRG has engaged EXCEL Midstream Solutions for design, permitting and engineering work.