Divestiture • Transportation

Martin Midstream Partners Acquires Martin Resource Management - Martin Transport

On January 2, 2019, Martin Midstream Partners acquired transportation company Martin Resource Management - Martin Transport from Martin Resource Management

Acquisition Context
  • This is Martin Midstream Partners’ 1st transaction in the Transportation sector.
  • This is Martin Midstream Partners’ 9th transaction in the United States.
  • This is Martin Midstream Partners’ 4th transaction in Texas.

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M&A Deal Summary

Date January 2, 2019
Target Martin Resource Management - Martin Transport
Sector Transportation
Buyer(s) Martin Midstream Partners
Sellers(s) Martin Resource Management
Deal Type Divestiture

Target Company

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.
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Buyer Overview 1

Buyer

Martin Midstream Partners

Kilgore, Texas, United States

Category Company
Founded 2002
Sector Energy Services and Equipment
Revenue 708M USD (2024)
DESCRIPTION

Martin Midstream Partners is engaged 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 Context for Buyer #
Overall 9 of 9
Sector: Transportation 1 of 1
Type: Divestiture 4 of 4
State: Texas 4 of 4
Country: United States 9 of 9
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-21 Martin Midstream Partners - Corpus Christi

Texas, United States

Martin Midstream Partners LP - Corpus Christi is a provider of crude oil and refined products.

Sell $93M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Cardinal Gas Storage Partners

Houston, Texas, United States

Cardinal Gas Storage Partners LLC focuses on the operation and management of natural gas storage facilities in the Gulf Coast region. Cardinal Gas believes that the natural gas storage business plays a fundamental role in supporting the nation's growing natural gas supply and demand. Cardinal's storage facilities are positioned in strategic locations for customers which will continue to enhance the value of Cardinal's assets and increase demand for our gas storage capacity. Cardinal currently operates both salt cavern and depleted reservoir gas storage facilities. Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage Company, LLC and Perryville Gas Storage LLC

Sell -

Seller Profile 1

SELLER

Martin Resource Management

Kilgore, Texas, United States

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 Context for Seller #
Overall 2 of 2
Sector: Transportation 1 of 1
Type: Divestiture 2 of 2
State: Texas 1 of 1
Country: United States 2 of 2
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-31 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.

Sell $37M