Wednesday, June 15, 2016
An affiliate of Enterprise Products (Houston) is selling rail terminals located in the Western U.S. Details of the transactions were not released. United Pacific Energy (Reno, Nevada) has entered into an agreement for the purchase of Enterprise’s Bakersfield, Calif. LPG rail terminal.
United Pacific, founded in 1990, is one of the largest wholesale propane companies in California and owns and operates a fleet of LPG trucks and railcars, in addition to operating a terminal in Northern California. The company is a partner with Sheldon Gas (Suisun City, Calif.) in a San Francisco Bay area LPG terminal. United Pacific Energy said acquiring the Bakersfield terminal will complement its existing asset base and will be a valuable link in the supply chain for providing fuel to its customer network in the San Joaquin Valley and Southern California. The transaction is expected to close in coming weeks.
Kiva Energy (Salt Lake City) confirmed June 14 that it has entered into an agreement with an Enterprise affiliate to purchase its Rocklin, Calif. and Reno, Nevada rail terminals. Kiva Energy is a wholesale supplier of propane to customers in the Western U.S., and to its retail divisions, Kamps Propane (Manteca, Calif.) and High Country Propane (Eagar, Ariz.).
Mark Harris, president of Kiva Energy, commented that the Rocklin and Reno terminals are strategically located to expand and strengthen his company’s supply chain in both the California and Nevada markets. The Rocklin terminal, particularly, is a high-volume facility with 18 30,000-gal. tanks and a throughput of more than 10 MM gal. a year.
Cody Jackson, Kiva Energy’s director of supply, reports that the two terminals provide more control over Kiva’s rail supply, which is important to handling the seasonal demands of customers. The Rocklin and Reno terminals will also complement the Riverbank terminal, which has been a key rail supply point for the company for decades. The acquisitions are expected to close over the next several weeks.
United Pacific, founded in 1990, is one of the largest wholesale propane companies in California and owns and operates a fleet of LPG trucks and railcars, in addition to operating a terminal in Northern California. The company is a partner with Sheldon Gas (Suisun City, Calif.) in a San Francisco Bay area LPG terminal. United Pacific Energy said acquiring the Bakersfield terminal will complement its existing asset base and will be a valuable link in the supply chain for providing fuel to its customer network in the San Joaquin Valley and Southern California. The transaction is expected to close in coming weeks.
Kiva Energy (Salt Lake City) confirmed June 14 that it has entered into an agreement with an Enterprise affiliate to purchase its Rocklin, Calif. and Reno, Nevada rail terminals. Kiva Energy is a wholesale supplier of propane to customers in the Western U.S., and to its retail divisions, Kamps Propane (Manteca, Calif.) and High Country Propane (Eagar, Ariz.).
Mark Harris, president of Kiva Energy, commented that the Rocklin and Reno terminals are strategically located to expand and strengthen his company’s supply chain in both the California and Nevada markets. The Rocklin terminal, particularly, is a high-volume facility with 18 30,000-gal. tanks and a throughput of more than 10 MM gal. a year.
Cody Jackson, Kiva Energy’s director of supply, reports that the two terminals provide more control over Kiva’s rail supply, which is important to handling the seasonal demands of customers. The Rocklin and Reno terminals will also complement the Riverbank terminal, which has been a key rail supply point for the company for decades. The acquisitions are expected to close over the next several weeks.
