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

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