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TransMontaigne

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Not to be confused with Montaigne or TransMountain.
TransMontaigne GP LLC
Company typeSubsidiary
HeadquartersDenver, Colorado, United States
Parent
  • Morgan Stanley (2006-2014)
  • NGL Energy (2014-2016)
  • ArcLight Capital Partners (from 2016)
TransMontaigne Partners L.P.
Traded asNYSE: TLP
FoundedFebruary 2005; 19 years ago (2005-02)
HeadquartersDenver, Colorado, United States
Key peopleFrederick Boutin (CEO)

TransMontaigne GP LLC., formerly NYSE:TMG, is an oil pipeline and terminal company based in Denver, Colorado. In 2006, it was the 269th largest company in the United States and as of 2012 it was the 17th largest privately owned company. On September 1, 2006, it became a wholly owned subsidiary of Morgan Stanley, and subsequently delisted from the New York Stock Exchange. In 2014, Morgan Stanley sold TransMontaigne to NGL Energy. In February 2016 NGL sold TransMontaigne GP LLC to ArcLight Capital Partners for $350 million in cash with Gulf TLP Holdings LLC an affiliate of ArcLight holding a controlling interest.

TransMontaigne Partners L.P. (NYSE: TLP) is a publicly traded Delaware limited partnership formed by TransMontaigne Inc. in February 2005. TransMontaigne Partners is a terminal operating and transportation company, headquartered in Denver. It has operations along the Gulf Coast, in Brownsville, Texas, along the Mississippi and Ohio Rivers and in the U.S. Midwest and East Coast. Terminals are located in Alabama, Arkansas, Florida, Georgia (U.S. state), Indiana, Kentucky, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, Texas, and Virginia. Additional offices are located in Mount Pleasant, TX, and Roswell, GA. The current Chief executive officer is Frederick Boutin.

References

  1. "TMG - TransMontaigne - Fortune 500". CNN. Fortune. Retrieved 2007-12-05.
  2. "Forbes - The Largest Private Companies List 2012". Forbes. Retrieved 2013-01-17.
  3. Baer, Justin (2014-06-09). "Morgan Stanley to Sell Oil Business TransMontaigne to NGL Energy". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-05-15.
  4. "ArcLight Acquires TransMontaigne From NGL Energy For $350 Million". ExitHub. 2016-01-08. Retrieved 2017-12-16.
  5. "NGL Energy Partners Closes Sale Of TransMontaigne GP Ownership Interests". Oil and Gas Investor. 2 February 2016. Retrieved 2017-12-16.
  6. "TLP - TransMontaigne Partners LP Company Profile - CNNMoney.com". money.cnn.com. Retrieved 2017-12-16.
  7. "TransMontaigne LLC: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-12-16.

External links


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