One-Page Deal Sheet
Martin Midstream Acquires Gulf Coast Service Co.
Martin Midstream Partners Lp Talen's Marine & Fuel Llc
Announced Date
January 03,2013
Close Date
January 03,2013
Transaction Type
Corporate
Location
Country
United States
State
Texas
Transaction Details: Subscribe to see
Martin Resource Management Corporation (MRMC), owner of the general partner of Martin Midstream Partners L.P. (MMLP), has reported the acquisition by MMLP of all of the outstanding membership interests in Talen's Marine & Fuel LLC, effective December 31, 2012.
Simultaneous with the Acquisition, MMLP sold certain working capital-related assets to Martin Energy Services LLC (MES), a wholly-owned subsidiary of MRMC. In conjunction with its purchase of certain working capital-related assets, MES amended various service agreements with MMLP pursuant to which MMLP provides certain terminalling and…
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