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TransMontaigne Partners L.P.
TransMontaigne Partners L.P.(TLP) is a publicly traded master limited partnership providing refined petroleum products terminaling and transportation services. TransMontaigne Partners L.P. operates on the US Gulf Coast; Southeast; Midwest; Brownsville, Texas; and along the Mississippi and Ohio Rivers.
They are controlled by affiliates of TransMontaigne Inc. (“TMG”) and Morgan Stanley TLP TLP. depends on stable, fee-based cash flows from terminaling services agreements, long-term contracts with customers. They have no material direct commodity price risk. Current size results in significant accretion potential from relatively small acquisitions and expansion projects. Experienced management team.
BOSTCO project
In November 2010 TLP acquired 190 acres of undeveloped land on the Houston Ship Channel for the purpose of constructing a 6.5 million barrel black oil terminal.
In October 2011 TLP sold a 50% interest in the BOSTCO project to Kinder Morgan, Inc. (KMI). It is likely TLP will sell there remaining 50% interest in the BOSTCO project to Kinder Morgan and receive a one year transferable option to purchase 50% of Kinder Morgan’s interest in the project. In the event that the BOSTCO project continues to progress towards operation, the option will have value to TLP.
TransMontaigne Partners L.P. 1670 Broadway, Suite 3100 Denver, CO 80202
Mailing address: Post Office Box 5660 Denver, CO 80217
Phone: 303-626-8200 Fax: 303-626-8228
info@transmontaignepartners.com
Sumflow 23:00, December 28, 2011 (PST)
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