SemGroup Corp. completed its acquisition of Houston Fuel Oil Terminal Co. (HFOTCO) from private equity firm Alinda Capital Partners. To get one of the largest oil terminals in the US, SemGroup sent Alinda $301 million in cash and 12.4 million common shares. The Tulsa-based company also had to assume $761 million of existing HFOTCO net debt and will pay another $600 million prior to YE18.HFOTCO has 16.8 MMbbl of storage on 330 acres on......
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