Deal snapshot: BLUEKNIGHT ENERGY PARTNERS TO ACQUIRE ASPHALT FACILITIES IN GEORGIA, OHLAHOMA USA.
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.
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
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Nov 1, 2017|
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