Colonial Pipeline Company completed the acquisition of three refined product terminals from Lincoln Terminal Company.

Colonial Pipeline Company, a pipeline services company, completed the acquisition of three refined product terminals from Lincoln Terminal Company, a Southeast products and biofuels marketing and logistics company. Financial terms were not disclosed. This acquisition provides an excellent opportunity for Colonial to move into the terminal business, offering a complimentary service to the markets, including Colonial Pipeline Company’s customers, and lays the groundwork for further strategic expansion. Terminals are a natural extension of Colonial’s overall business, providing the opportunity to serve customers in new ways while building and strengthening relationships.