NuStar (NS) Announces Agreement to Acquire Crude Oil and Refined Product Terminal Assets from Martin Midstream Partners (MMLP)

NuStar to Significantly Expand Its Presence in Port of Corpus Christi with Accretive Acquisition

NuStar to purchase crude oil and refined product terminal assets from Martin Midstream Partners

SAN ANTONIO--(BUSINESS WIRE)-- NuStar Energy L.P. (NYSE: NS) today announced that it has signed an agreement to purchase crude oil and refined product storage assets in the Port of Corpus Christi from Martin Midstream Partners L.P. (Nasdaq: MMLP) for a net $93 million. The acquisition, which is expected to close by the end of the fourth quarter of 2016, is expected to be immediately accretive to NuStars earnings based on the terminals... More