.
MergerLinks Header Logo

New Deal


Announced

Completed

JET Infrastructure completed the acquisition of five inland terminals from IMTT.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

oil terminals

Chemicals: Diversified

Integrated Oil and Gas

Acquisition

Domestic

Infrastructure

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

Edit

JET Infrastructure, a distribution company, completed the acquisition of five inland terminals from International-Matex Tank Terminals, a company that owns and operates bulk liquid storage terminal facilities. Financial terms were not disclosed. “The proceeds from this sale will be reinvested into current and future growth projects, allowing us to continue executing our Greener and Cleaner strategy. As of today, over half of IMTT’s revenue in 2023 is expected to be generated from the storage and handling of non-petroleum products, such as renewable diesel feedstocks, renewable diesel, vegetable and tropical oils, and chemicals. At the same time, we remain committed to supporting our legacy petroleum positions in advantaged markets across the US and Canada,” Carlin Conner, IMTT Chairman and CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US