M&A Deal Summary

TEPPCO Partners Acquires TransMontaigne Marine Assets

On June 12, 2009, TEPPCO Partners acquired marine company TransMontaigne Marine Assets from TransMontaigne Partners for 50M USD

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

M&A Deal Summary
Date 2009-06-12
Target TransMontaigne Marine Assets
Sector Marine
Buyer(s) TEPPCO Partners
Sellers(s) TransMontaigne Partners
Deal Type Divestiture
Deal Value 50M USD

Target

TransMontaigne Marine Assets

United States
TransMontaigne Marine Assets includes 19 boats and 28 barges currently transports petroleum-based products along the nation’s inland waterway system and in the Gulf of Mexico.

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Buyer(S) 1

Buyer

TEPPCO Partners

Houston,, Texas, United States
Category Company
Founded 1990
Sector Oil/Gas Exploration
DESCRIPTION

TEPPCO Partners owns and operates an extensive network of assets that facilitate the movement, marketing, gathering and storage of various commodities and energy-related products. TEPPCO also owns a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems, and in the Gulf of Mexico.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

TransMontaigne Partners

Denver, Colorado, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 2
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-27 Canterm Canadian Terminals

Montreal-East, Quebec, Canada

Canterm Canadian Terminals – a company with two distribution terminals for the storage and handling of refined products in Montreal and Quebec City, Canada.

Sell -
Mergr

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