COLONIAL PIPELINE EXPANDS FOOTPRINT IN MARINE TERMINAL BUSINESS

Signs Agreement to Purchase Northstar Port Arthur LLC

Alpharetta, GA - (May 1, 2018)
– Colonial Pipeline Company (Colonial), through its wholly owned subsidiary Colonial Terminal Logistics (CTL), today announced the signing of a definitive agreement to purchase Northstar Port Arthur LLC.

This strategic agreement gives Colonial marine terminal operations and assets, including dedicated rights to a refined product dock at the Port of Port Arthur, and a long-term volume agreement with a local major refinery.

"The acquisition of this asset is part of Colonial’s long-term strategy to continue expanding customized service offerings to our customers," said Joe Blount, President and CEO of Colonial Pipeline Company.

"An important addition to our marine portfolio, this asset will give us the ability to take advantage of the increasing Gulf Coast export opportunities by expanding our footprint and operational capabilities," Blount said.

Colonial offers marine logistics solutions and operational services in the Greater Beaumont/Port Arthur area through CTL.

Colonial Pipeline delivers refined petroleum products such as gasoline, diesel and jet fuel, home heating oil and fuels for the U.S. military. It connects refineries primarily in the Gulf Coast with customers and markets through the Southern and Eastern United States. More information about Colonial is available at www.colpipe.com.


Wells Fargo Securities, LLC served as the exclusive financial advisor to Colonial. Eversheds Sutherland (US) LLP served as Colonial’s legal counsel.


Contact: Steve Baker
678-762-2589
sbaker@colpipe.com

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