Willkie represented Zenith Energy in the acquisition of the assets of Bulk Terminal Storage from Guttman Realty.
On February 2, Zenith Energy Terminals Holdings LLC (“Zenith”) announced that it had completed the acquisition of the assets of Bulk Terminal Storage from Guttman Realty, which is comprised of three storage terminals in Ohio, Pennsylvania, and West Virginia. The acquisition demonstrates Zenith’s continued commitment to strengthening its infrastructure in the Midwest and Marcellus and Utica Shale regions and supporting customers with both conventional and alternative fuel storage needs.
The newly acquired terminals in Aurora, Ohio, Belle Vernon, Pennsylvania and Star City, West Virginia have an aggregate storage capacity of 560,000 barrels and form a strategic link in Zenith’s asset footprint.
Zenith Energy is a world-class midstream company that owns and operates over 32 million barrels of renewable fuels, crude oil, petroleum products, chemicals and vegetable oil storage across North American, Europe and Latin America through its subsidiaries Zenith International and Zenith U.S. The Company’s focus is on building a sustainable, independent liquid storage terminals business that provides safe and reliable solutions for its customers in the years to come.
Founded in 1931, Guttman Energy is an industry leading fuels distributor headquartered in Belle Vernon, Pennsylvania, focused on the marketing and transportation of energy.
The Willkie team was led by partner Archie Fallon and included partner Robert Jacobson, counsel William Thomas, and associates Jason Nasra, Kristen Tisdelle, Melissa Fischetti, and Yaniv Maman.