Alinda Capital Partners Acquires Houston Fuel Oil Terminal Company
November 6, 2011 [ArcLight] - Alinda Capital Partners announced on October, 31, that investment funds managed by Alinda have acquired 100% ownership of Houston Fuel Oil Terminal Company (HFOTCO) from AL Gulf Coast Terminals, an investment affiliate controlled by ArcLight Capital Partners, LLC. Terms of the transaction were not released.
HFOTCO is a leading marine terminal for storage of residual fuel oil and crude oil. The Company owns and operates a world-class, 13.8 million barrels storage terminal, and is the largest provider of residual fuel oil storage in the U.S. Gulf Coast. HFOTCO’s assets are strategically located on a 312-acre footprint at the widest point of the Houston Ship Channel, one of the largest trading centers for residual fuel oil and crude oil in the world. The Company stores, blends, and transports residual and crude oil via pipeline, barge, rail, truck and ship for major oil companies, refiners, carbon black manufacturers, international trading firms and bunker suppliers. HFOTCO’s size, strategic location, diverse customer base, and extensive transportation infrastructure create the most attractive and liquid trading platform for residual fuel oil in North America. More information about the company is available at www.HFOTCO.com.
“HFOTCO is the preeminent residual fuel oil terminal on the US Gulf Coast.” said Alinda Managing Partner Chris Beale. “The Company provides a vital service to its customers in the region and around the world. We look forward to a long and successful partnership with management, who share our long-term focus and emphasis on quality operations and growth.”
ArcLight’s Managing Partner, Dan Revers, comments, “We are very proud of HFOTCO and the transformation of the business into a world class facility with state-of-the art infrastructure and services for customers. We are pleased that Alinda recognized the strengths of the business through executing this acquisition.”
“We are excited about Alinda’s investment,” said HFOTCO CEO Bill Wilson. “Alinda is committed to working with the HFOTCO team to continue to grow the Company and expand the service offering to our customers.”
About Alinda Capital Partners
Alinda Capital Partners is an independent, American-owned firm that is the largest manager in the United States of pension assets for investment in infrastructure and the fourth largest in the world, with over $7.4 billion of equity commitments under management. Alinda’s investors are predominantly U.S. and European pension funds for public sector and private sector workers, and include some of the largest institutional investors in the world. Alinda has ownership interests in airports – including Heathrow Airport in the United Kingdom – roads, bridges and a tunnel, a rail service, natural gas distribution utilities, natural gas pipelines and storage, water supply and wastewater treatment, renewable energy production, telecommunications networks, water tanks and other infrastructure assets providing essential services to communities. Alinda has invested in infrastructure companies that operate in 30 states in the United States as well as in Canada, the United Kingdom, Germany, the Netherlands, Luxembourg and Italy. These companies employ more than 15,000 people and serve over 125 million customers annually in more than 400 cities. For more information, visit
www.alinda.com.
About ArcLight Capital Partners, LLC
ArcLight is one of the world’s leading energy investment firms having invested over $8.5 billion of equity since its inception a decade ago. ArcLight has successfully sourced, managed and realized investments through multiple energy industry cycles. The Firm’s investment team has extensive energy expertise, investing experience, industry relationships, and specialized asset level value creation capabilities. ArcLight is headquartered in Boston, Massachusetts with offices in New York City, Barcelona and Luxembourg. More information about ArcLight can be found at
http://www.arclightcapital.com.
