Alinda Capital Partners has acquired 100 percent ownership of Houston Fuel Oil Terminal Co. (HFOTCO) from AL Gulf Coast Terminals, an investment affiliate controlled by ArcLight Capital Partners. Terms of the transaction were
HFOTCO is a marine terminal used for storage of residual fuel oil and crude oil. The company owns and operates a 13.8 million barrel storage terminal, and says it is the largest provider of residual fuel oil storage in the U.S. Gulf Coast. HFOTCO stores, blends, and transports residual and crude oil via pipeline, barge, rail, truck and ship for major oil companies, refineries, carbon black manufacturers, international trading firms and bunker suppliers.
ArcLight Capital Partners acquired the 50 percent interest in HFOT