SemGroup has acquired Houston Fuel Oil Terminal Company from by Alinda Capital.

SemGroup, oil transporter, has acquired Houston Fuel Oil Terminal Company, oil terminal owner, from investment funds managed by Alinda Capital. Financial terms were not disclosed. “As planned, this acquisition helps fulfil our long-term strategy to further de-risk our business by adding secure, downstream cash flow to our portfolio mix. In addition to generating stable earnings for SemGroup on day one, this remarkably versatile asset provides an entirely new growth platform to capture opportunities within the Houston Ship Channel’s massive processing, trading and import/export complex. HFOTCO provides strong and consistent cash flows regardless of commodity price fluctuations, which further underscores the timeliness of this acquisition and the long-term value proposition it creates for our shareholders.” Carlin Conner SemGroup President and CEO.