May 13, 2012
United Maritime Group, LLC announces agreement to sell U.S. United Bulk Terminal, LLC to an Affiliate of Oiltanking Holding Americas, Inc.
On May 11, Willkie client United Maritime Group, LLC, a private equity-backed integrated transportation company focused on serving the domestic and export coal and petroleum coke markets, announced that it has entered into a definitive agreement to sell U.S. United Bulk Terminal, LLC, a UMG wholly owned subsidiary, to Bulk Handling USA, Inc., an affiliate of Oiltanking Holding Americas, Inc. Located in Davant, La., UBT is the largest dry bulk terminal on the Lower Mississippi River. With over 11 million tons of annual throughput capacity, UBT provides storage, blending and transfer services to major producers of coal and petcoke products for the domestic and export markets. Based in Tampa, Fla., UMG is an integrated transportation company with subsidiaries that operate businesses in the dry bulk transportation and logistics industry. Oiltanking Holding Americas, Inc. is a wholly owned subsidiary of Oiltanking GmbH, which is a subsidiary of Marquard & Bahls, AG, a leading privately owned German petroleum company. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide.
Last month, Willkie represented UMG in its agreement to sell U.S. United Barge Line, LLC to Ingram Barge Company. The current deal was handled by partners Russell Leaf, William Dye, Cristopher Greer and Henry Cohn; special counsel David Park and Jonathan Konoff; and associates Peter Agnetti, Delano Ladd, Howard Block, Hania Masud, Tyler Ladner, Jordan Messinger and Jennifer Long.
