M&A Deal Summary

Colonial Group Acquires International-Matex Tank Terminals - Georgia Terminals

On November 1, 2022, Colonial Group acquired energy services and equipment company International-Matex Tank Terminals - Georgia Terminals from International-Matex Tank Terminals

Acquisition Highlights
  • This is Colonial Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Colonial Group’s 1st transaction in the United States.
  • This is Colonial Group’s 1st transaction in Georgia.

M&A Deal Summary

Date 2022-11-01
Target International-Matex Tank Terminals - Georgia Terminals
Sector Energy Services and Equipment
Buyer(s) Colonial Group
Sellers(s) International-Matex Tank Terminals
Deal Type Divestiture

Target

International-Matex Tank Terminals - Georgia Terminals

Savannah, Georgia, United States
International-Matex Tank Terminals' Georgia Terminals provides energy services in Savannah, Georgia.

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Buyer(S) 1

Buyer

Colonial Group

Savannah, Georgia, United States

Category Company
Founded 1921
Sector Energy Services and Equipment
DESCRIPTION

Colonial Group is a diversified energy and port-related company. Colonial Group was founded in 1921 and is based in Savannah, Georgia.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

International-Matex Tank Terminals

New Orleans, Louisiana, United States

Category Company
Founded 1939
Sector Energy Services and Equipment
DESCRIPTION

International-Matex Tank Terminals, Inc. (IMTT) is a provider of handling and storage of bulk liquid products through its ownership and operation of ten terminals in the U.S. and two additional facilities in Canada. The terminals handle petroleum (primarily refined), chemical, and vegetable and animal oil products for customers including refiners, commodities traders, and specialty chemical manufacturers. Customers retain ownership of the bulk liquids, as well as responsibility for ensuring those products. IMTT is the lessor of its more than 45 million barrels of storage capacity. International-Matex Tank Terminals was formed in 1939 and is based in New Orleans, Louisiana.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Epic Midstream

Houston, Texas, United States

Epic Midstream is an independent liquid bulk storage and logistics solutions provider. Epic successfully bridges the gap between supply and demand centers through efficient logistics planning and expert management. With a flexible approach to every customer's unique requirements, Epic manages the storage and transportation requirements for many of the world's leading market participants. Epic Midstream was founded in 2011 and is based in Houston, Texas.

Buy $172M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 International-Matex Tank Terminals - Five Fuel Terminals

United States

International-Matex Tank Terminals' Five Fuel Terminals providing the Company with increased capacity and connectivity to offer greater volumes of product for military and fixed base operators across the U.S. Southeast.

Sell -