Colonial Group completed the acquisition of two Savannah, Georgia terminals of IMTT.

Colonial Group, a diversified energy and port-related company, completed the acquisition of two Savannah, Georgia terminals of International-Matex Tank Terminals, a bulk liquid storage terminal facilities owner and operator. Financial terms were not disclosed. “The compelling offer from a local buyer with strong market connections will support our continued strategy to balance our legacy petroleum assets with new investments in energy transition projects. We believe this transaction underscores the value of the liquid storage space. I want to thank our employees for helping to establish these terminals as premier locations in the Savannah market,” Carlin Conner, IMTT Chairman and CEO.