One-Page Deal Sheet
GLP Acquires Cascade; Plans Bakken-Focused Facility
Global Partners Lp Cascade Kelly Holdings LLC
Announced Date
February 19,2013
Close Date
February 19,2013
Transaction Type
Corporate
Transaction Details: Subscribe to see
Global Partners LP has reported the completion of its acquisition of 100% of the membership interests of Cascade Kelly Holdings LLC, a West Coast crude oil and ethanol facility near Portland, Oregon.
The transaction includes a rail transloading facility serviced via short-line track by the BNSF Railway, 200,000 barrels of storage capacity, a deepwater marine terminal with access to a 1,200-foot leased dock and the largest ethanol plant on the West Coast. Situated along the Columbia River in Clatskanie, Oregon, the site is located on land leased under a long-term agreement from the Port of…
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