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Kekst CNC is handling Riverstone Holdings' $2.7B deal to acquire International-Matex Tank Terminals from Macquarie Infrastructure Corp.
New Orleans-based IMTT operates 19 bulk liquid (petroleum, biofuels, special chemicals, vegetable and tropical oils) storage terminals across the US. Nearly a third of that capacity is located in the New York Harbor and the Lower Mississippi River regions.
Riverstone, which has invested more than $40B in energy and power-related companies, operates its own storage terminal network.
Baran Tekkora, partner & co-head of private equity at Riverstone, said the firm is “excited about the opportunities at IMTT to drive growth and performance to deliver attractive returns to our investors.”
The deal is expected to close by early 2021.
Kekst CNC’s Jeffrey Taufield and Daniel Yunger represent Riverstone. Publicis Group owns Kekst CNC.
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