US terminalling, storage and transportation company TransMontaigne Partners has completed its acquisition of SeaPort Financing, which has operations across the renewable fuels supply chain in the US Pacific Northwest.

With the purchase of SeaPort Financing, a portfolio company of ArcLight Energy Partners Fund VI, TransMontaigne now has a 100 percent membership interest in SeaPort Sound Terminal, which owns a liquid products terminal in Tacoma, Washington, a 51 percent membership interest in SeaPort Midstream Partners, which owns liquid products terminals in Seattle, Washington and Portland, Oregon, and a 30 percent membership interest in Olympic Pipeline Company, which owns the Olympic Pipeline between Blaine in Washington and Portland in Oregon.

“This group of high-quality assets positions TransMontaigne as the only independent terminal operator with operations in every major market within the Pacific Northwest. Notably, the SeaPort Sound Terminal in Tacoma, WA owns the only independent end-market unit train facility in the Puget Sound and has a critical role in the growing renewables supply needs of the region,” said Fred Boutin, CEO of TransMontaigne.

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23rd November 2021