Announced
Completed
Financials
Tags
Acquisition
Storage Terminals
Majority
Private
Infrastructure
storage terminals
Domestic
United States
Single Bidder
Friendly
Completed
Synopsis
Sunoco, a master limited partnership with core operations that include the distribution of motor fuel, completed the acquisition of eight terminal locations from NuStar Energy, one of the largest independent liquids terminal and pipeline operators in the nation, for $250m. "While these terminals are solid assets with great operations and employees, these facilities are no longer synergistic with NuStar’s core assets, which, in the current competitive climate is critical to their long-term success," Brad Barron, NuStar President and CEO.
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