M&A Deal Summary

Martin Midstream Partners Acquires L&L Terminals & Terminalling Related Assets

On January 31, 2011, Martin Midstream Partners acquired marine company L&L Terminals & Terminalling Related Assets from Martin Resource Management for 37M USD

Acquisition Highlights
  • This is Martin Midstream Partners’ 1st transaction in the Marine sector.
  • This is Martin Midstream Partners’ 5th largest (disclosed) transaction.
  • This is Martin Midstream Partners’ 1st transaction in the United States.

M&A Deal Summary
Date 2011-01-31
Target L&L Terminals & Terminalling Related Assets
Sector Marine
Buyer(s) Martin Midstream Partners
Sellers(s) Martin Resource Management
Deal Type Divestiture
Deal Value 37M USD

Target

L&L Terminals & Terminalling Related Assets

United States
L&L Terminals & Terminalling Related Assets, comprises 13 marine and one inland terminalling facility located across the Louisiana Gulf Coast.

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Buyer(S) 1

Buyer

Martin Midstream Partners

Kilgore, Texas, United States

website

Category Company
Founded 2002
Sector Energy Services and Equipment
Revenue 1.0B USD (2022)
DESCRIPTION

Martin Midstream Partners is engages in terminalling, storage and packaging services for petroleum products and by-products including refining, blending and packaging of finished lubricants,Natural gas liquids distribution services and natural gas storage. Martin Midstream Partners was founded in 2002 and is based in Kilgore, Texas.

DEAL STATS #
Overall 1 of 9
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 4
Country (United States) 1 of 9
Year (2011) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-04 Martin Texas Rail & Truck Terminal Facilities

United States

Martin Texas Rail & Truck Terminal Facilities offerings the capability to offload, store and transport refinery grade propylene (RGP).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 Martin Midstream East Texas & Northwest Louisiana natural Gas Assets

United States

Martin Midstream East Texas & Northwest Louisiana natural Gas Assets, comprises Waskom Gas Processing Company, Woodlawn gas processing plant and gathering McLeod, Hallsville and Darco gas gathering systems and East Texas condensate gathering system.

Sell $275M

Seller(S) 1

SELLER

Martin Resource Management

Kilgore, Texas, United States

website

Category Company
Founded 1951
Sector Oil/Gas Exploration
DESCRIPTION

Martin Resource Management Corporation through its various subsidiaries ("MRMC") is an independent provider of marketing and distribution of fuel oil, asphalt, sulfuric acid, diesel fuel and high-quality naphthenic lubricants.

DEAL STATS #
Overall 1 of 2
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-31 L&L Holdings

Metairie, Louisiana, United States

L&L Holdings (Louisiana), LLC, owns and operates marine terminals. The company also supplies marine lubricants and fuels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 Martin Resource Management - Martin Transport

Kilgore, Texas, United States

Martin Transport, Inc. is a fleet of tank trucks providing transportation of petroleum products, liquid petroleum gas, chemicals, sulfur, and other products.

Sell -
Mergr

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