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.

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.

NGL Energy Partners LP Acquires Hillstone Environmental Partners from Golden Gate Capital

November 1, 2019

Oil & Gas

NGL Energy Partners LP has agreed to acquire all equity interests of Hillstone Environmental Partners LLC from Golden Gate Capital for approximately $600 million. The acquisition adds Hillstone's produced water pipelines and disposal well network in the Northern Delaware Basin to NGL's existing Delaware Basin water platform, increasing disposal and transportation capacity and providing long-term contracted volumes.