Martin Midstream Partners acquires Martin Transport

January 3, 2019 By    

Martin Midstream Partners LP completed the purchase of Martin Transport Inc. from Martin Resource Management Corp. for $135 million, plus a potential additional $10 million earn-out based on a performance threshold.

Martin Transport operates a fleet of tank trucks providing transportation of petroleum products, LP gas, chemicals, sulfur and other products. It also owns 23 terminals throughout the Gulf Coast and Midwest.

Martin Resource Management Corp. has owned and operated Martin Transport or its predecessor for over 40 years and is integral to Martin Midstream Partners’ routine movements of sulfur and natural gas liquids.

Martin Midstream Partners is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region.

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About the Author:

Brian Richesson is the editor in chief of LP Gas Magazine. Contact him at brichesson@northcoastmedia.net or 216-706-3748.

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