Arc Logistics Partners (ARCX) to Acquire JBBR in $216M Deal

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Go back to Arc Logistics Partners (ARCX) to Acquire JBBR in $216M Deal

Arc Logistics Partners LP to Acquire a Terminal in Joliet, Illinois in a Joint Venture

February 20, 2015 8:03 AM EST

NEW YORK, Feb. 20, 2015 (GLOBE NEWSWIRE) -- Arc Logistics Partners LP (NYSE: ARCX) ("Arc Logistics" or the "Partnership"), through a joint venture arrangement with GE Energy Financial Services, a unit of General Electric Company (NYSE: GE), has agreed to acquire all of the membership interests of Joliet Bulk, Barge & Rail LLC ("JBBR") from CenterPoint Properties Trust ("CenterPoint" or the "Seller") for $216 million. JBBR's principal assets consist of a crude oil unloading terminal and a 4-mile crude oil pipeline, the Joliet Terminal, which are in the final stages... More