ArcLight Capital Partners has agreed to acquire Blackwater Midstream Corp for some $44m in cash. Blackwater’s board of directors has unanimously approved the deal and is recommending that stockholders accept the offer.
US Rapid development of North American oil and natural gas reserves from shale plays has meant boom times for operators that can move product. But as dust settles after the initial rush to market, various players are reconfiguring their strategies
Brenntag has signed an agreement to acquire Milan-based Petrolube, the exclusive distributor of Infineum speciality fuel and oil additives in Italy and which expects to finish 2012 with an EBITDA of around €0.8m.