The terminal was previously operated as a joint venture with Linden Holding Corp., and NuStar had 50% ownership of the facility.

NuStar purchased the remaining ownership interest from Linden, a subsidiary of NIC Holding Corp., for $142.5 million, and the acquisition is projected to contribute approximately $20 million of incremental earnings before interest, taxes, depreciation and amortization (EBITDA) in 2015.

NuStar CEO Brad Barron said the acquisition will give NuStar the opportunity to take advantage of synergies between the Linden terminal and the Linden NuTop terminal, which was already wholly owned by NuStar. The terminals are adjacent to each other, so NuStar can achieve greater efficiency and economies of scale in owning both of them outright, he said.

The Linden terminal has 4.3 million bbl of refined products storage capacity, primarily storing gasoline, jet fuel and fuel oils. It has a deep-water ship dock and a barge dock that are used for inbound and outbound shipments.

The terminal also has inbound pipeline connections to the Colonial and Sun pipelines, and an outbound connection to the Buckeye Pipeline. The NuTop terminal has 389,000 bbl of refined product storage capacity and receives shipments via truck and pipeline, and delivers product via its eight-bay truck loading rack.

NuStar is a publicly traded master limited partnership based in San Antonio, and it is one of the largest independent liquids terminal and pipeline operators in the nation.

NuStar currently has 8,643 miles of pipeline and 81 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids.

The partnership’s combined system has approximately 93 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom.