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Deal snapshot: BLUEKNIGHT ENERGY PARTNERS TO ACQUIRE ASPHALT FACILITIES IN GEORGIA, OHLAHOMA USA.

MANews-(C)2009-2017

A wholly-owned subsidiary of US-based midstream energy company Blueknight Energy Partners, L.P. (NASDAQ: BKEP) plans to acquire two asphalt terminalling facilities located in Bainbridge, Georgia, and Muskogee, Oklahoma, the company said.

The Bainbridge, Georgia, facility will be acquired from Ergon Asphalt and Emulsions, Inc., a Mississippi corporation, and Ergon Terminaling, Inc., a Mississippi corporation. ETI and EA and E are subsidiaries of Jackson, Mississippi-based Ergon, Inc., which owns 100% of the outstanding membership interests of the General Partner of BKEP.

Country: USA

Sector: Petroleum/Natural Gas/Coal

Target: Asphalt terminalling facilities located in Bainbridge, Georgia, and Muskogee, Oklahoma

Buyer: Blueknight Energy Partners

Vendor: Ergon Asphalt and Emulsions, Ergon Terminaling (Bainbridge) and Frontier Terminal, Cummins Investment (Muskogee)

Deal size in USD: 32.5m

Type: Corporate Acquisition

Financing: Stock

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U7OK
Date:Nov 1, 2017
Words:143
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