Blueknight Energy to Acquire Nine Asphalt Terminals from Ergon for 108.8 million and Ergon to Acquire Blueknights General Partner July 20, 2016 The Smart Move in Energy (NASDAQ: BKEP & BKEPP)
Transaction Overview Transaction Details Simplified Pro Forma Organizational Structure(1) Ergon Asphalt & Emulsions, Inc., a subsidiary of Jackson, Mississippi-based Ergon, Inc. (Ergon), announced today that it has agreed to…
Strategic Rationale Ergon has been a long-term customer of Blueknight and is an ideal sponsor to help support and facilitate the growth of the Partnership Ergon has significant experience owning pipelines, terminalling and storage…
Overview of Ergon A Leading Energy Private, family-owned company formed in 1954 and based in Jackson, Mississippi Company with Over 6 Presence in over 12 countries worldwide, over 2,500 employees globally Decades of Experience One of…
Pro Forma Map of Blueknight Terminals Blueknight will own a network of 54 asphalt terminals with a combined capacity of 10.2 million barrels of asphalt and residual fuel oil storage 6 (NASDAQ: BKEP & BKEPP)
Key Investment Highlights Cushing Interchange: Resident player at core location for crude oil distribution and marketing Attractive Core Base Asphalt Facilities: Geographic diversification in key domestic markets with multiple potential…