Private equity firm ArcLight is looking to take over the rest of terminaling company TransMontaigne Partners, offering $38 for each of the 13 million common units outstanding. The price is a 5.2% premium from where “TLP” closed on the NYSE before the July 10 offer.Arclight Energy Partners Fund VI LP owns roughly 20% of TransMontaigne Partners and 100% of TransMontaigne’s general partner. TLP Acquisition Holdings, a subsidiary of ArcLight, delivered the non-binding offer to......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.