M&A Deal Summary

ArcLight Capital Partners Acquires TransMontaigne Partners

On January 8, 2016, infrastructure investor ArcLight Capital Partners acquired energy services and equipment company TransMontaigne Partners from NGL for 350M USD

Acquisition Highlights
  • This is ArcLight Capital Partners’ 35th transaction in the Energy Services and Equipment sector.
  • This is ArcLight Capital Partners’ 4th largest (disclosed) transaction.
  • This is ArcLight Capital Partners’ 73rd transaction in the United States.
  • This is ArcLight Capital Partners’ 2nd transaction in Colorado.

M&A Deal Summary
Date 2016-01-08
Target TransMontaigne Partners
Sector Energy Services and Equipment
Buyer(s) ArcLight Capital Partners
Sellers(s) NGL
Deal Type Secondary Buyout
Deal Value 350M USD

Target

TransMontaigne Partners

Denver, Colorado, United States
TransMontaigne Partners is a provider of terminaling, storage, transportation, and related services to the energy industry. TransMontaigne Partners owns and operates a diversified network of midstream terminals located in strategic markets throughout the United States. TransMontaigne Partners is based in Denver, Colorado.

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Buyer(S) 1

Buyer

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2001
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.

DEAL STATS #
Overall 86 of 93
Sector (Energy Services and Equipment) 35 of 36
Type (Secondary Buyout) 2 of 2
State (Colorado) 2 of 3
Country (United States) 73 of 80
Year (2016) 2 of 4
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Limetree Bay Terminals

Virginia, United States

Limetree Bay Terminals LLC is a an operator of energy storage facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 LOGOS Resources II

Farmington, New Mexico, United States

LOGOS Resources II is a developer of oil and natural gas production assets in the San Juan Basin. LOGOS Resources II is based in Farmington, New Mexico.

Buy -

Seller(S) 1

SELLER

NGL

Tulsa, Oklahoma, United States
Category Company
Founded 1940
Sector Energy Services and Equipment
Employees842
Revenue 7.0B USD (2024)
DESCRIPTION

NGL operates a vertically integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane. NGL was founded in 1940 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 1 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 4
Year (2016) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 Magnum NGLs

Holladay, Utah, United States

Magnum Development LLC is a developer of salt cavern storage facilities and related midstream infrastructure.

Buy $280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Sawtooth Caverns

Delta, Utah, United States

Sawtooth Caverns is a provider of natural gas liquids (NGLs) storage service in the Western United States (PADD IV and V markets). The facility currently has 5 caverns with a combined storage capacity of 6.2 million barrels, which provides storage of propane, normal butane, and refinery grade butanes. Sawtooth Caverns is based in Delta, Utah.

Buy -
Mergr

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