Tivoli Midstream Acquires Chocolate Bayou Terminal Assets from Ascend Performance Materials
April 29, 2024
Tivoli Midstream LLC, backed by funds managed by Intrepid Investment Management, closed the acquisition of the Chocolate Bayou terminal and infrastructure assets in Brazoria County, Texas from affiliates of Ascend Performance Materials. The assets include approximately 3.0 million barrels of storage capacity (100+ tanks), extensive logistics connectivity (rail, truck, barge, pipelines) and are anchored by a long-term partnership with Ascend, positioning Tivoli to establish a Gulf Coast infrastructure hub.
- Buyers
- Tivoli Midstream LLC, Funds managed by Intrepid Investment Management, LLC
- Targets
- Chocolate Bayou Assets
- Sellers
- Affiliates of Ascend Performance Materials, LLC
- Industry
- Oil & Gas
- Location
- Texas, United States
- Transaction Type
- Divestiture
Explore More
Related Acquisitions
-
Voyager Midstream Acquires East Texas Gas Gathering and Processing Assets From Phillips 66
September 3, 2024
Energy
Voyager Midstream Holdings, a Pearl Energy Investments portfolio company, acquired natural gas gathering and cryogenic processing assets from Phillips 66 located in East Texas and north Louisiana, including roughly 550 miles of pipelines, 400 MMcf/d processing capacity, and 12,000 bpd fractionation capacity. The deal also includes the Carthage Hub, a major gas trading and delivery hub with >1 Bcf/d handling capability, and is intended to expand Voyager's footprint in the Haynesville Shale and improve producer connectivity to Gulf Coast markets.
-
PSC Group Acquires Bayport Rail Terminal LLC
January 9, 2024
Logistics & Distribution
PSC Group, a portfolio company of Aurora Capital Partners, has acquired Bayport Rail Terminal LLC (BRT), a 115-acre rail, truck and container terminal serving the chemical industry on the Bayport Loop and near the Port of Houston, from US Development Group. The acquisition expands PSC's last-mile logistics, railcar repair/cleaning and transloading capabilities in one of North America's largest chemical and plastics hubs.
-
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.
-
Space City Services Acquires TIBC Rentals and Transportation
July 12, 2022
Environmental Services
Houston-based Space City Services completed the acquisition of La Porte–based TIBC Rentals and Transportation, adding more than 400 containers (frac tanks, roll-off boxes and vacuum boxes) and the TIBC management team. The deal expands Space City Services' environmental and industrial storage and transport capabilities across the Texas and Louisiana Gulf Coast as part of its ongoing growth-through-acquisition strategy.
-
Aethon Energy Management Acquires Tellurian's Upstream and Midstream Assets
July 1, 2024
Energy
Aethon Energy Management LLC has completed the acquisition of Tellurian Inc.'s integrated upstream and midstream assets, expanding Aethon's Haynesville Shale position to ~375,000 net acres with over 3 Bcf/d of gathering and treating capacity. Concurrently, Aethon signed a heads-of-agreement for 2 mtpa of LNG from Tellurian's Driftwood project; financial and legal advisors included Citi, Truist Securities, Gibson Dunn, Lazard and Akin Gump.
-
Tailwater Capital Acquires Majority Stake in Central Midstream
December 11, 2025
Oil & Gas
Tailwater Capital has acquired a majority interest in Central Midstream Partners, LLC, a Houston-based liquids transportation, storage and terminal services provider with assets across the Gulf Coast and Ohio/Utica region. Tailwater will invest additional equity from Tailwater Fund V to support growth projects while Central Midstream CEO George Jordan and the Jordan family remain involved post-transaction.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.