Ergon completed the acquisition of Blueknight Energy Partners for $496m.

Ergon, a privately held company formed in 1954, completed the acquisition of Blueknight Energy Partners, a publicly traded master limited partnership with the largest independent asphalt terminalling network in the nation, for $496m. “The acquisition of the largest independent asphalt terminaling network in the country further strengthens Ergon’s long-standing position as the industry’s resource leader. The Blueknight assets remain a key component of our overall strategy and growth plan,” Baxter Burns, Ergon President.