Partners Group, a leading global private markets investment manager, has played a pivotal role in the acquisition of Transmontaigne Partners L.P. (“TransMontaigne Partners” or “TLP”), a prominent US-based midstream terminaling and storage company. On behalf of its clients, Partners Group provided a significant debt investment to facilitate the USD 536 million take-private acquisition of TransMontaigne Partners by ArcLight Capital Partners, an experienced energy infrastructure investment manager.
TransMontaigne Partners, established in 2005 and headquartered in Florida, has developed an extensive and strategically important network of midstream assets. This network includes 51 terminals and distribution facilities strategically located across six key geographical areas. Demonstrating substantial growth, TransMontaigne Partners has significantly increased its storage capacity from approximately 5.5 million barrels in its early years to over 38 million barrels currently. This expansion underscores the company’s robust operational capabilities and its increasing importance in the energy infrastructure landscape.
The core business of TransMontaigne Partners revolves around providing essential storage and transportation services. Their infrastructure network is critical for a diverse clientele, including distributors and marketers dealing with a broad spectrum of petroleum products. These products range from crude oil to chemicals, fertilizers, and various other liquid commodities. The company’s strategic assets and operational expertise position it as a vital link in the energy supply chain.
Scott Essex, Partner and Head of Private Debt Americas at Partners Group, highlighted the strategic rationale behind the investment: “We are delighted to collaborate with ArcLight Capital Partners in supporting their acquisition of TransMontaigne Partners. The impressive growth trajectory of TransMontaigne Partners is a testament to its robust business model. This model is underpinned by a high-caliber customer base secured through long-term contracts and steered by a management team with a proven history of value creation.”
Todd Bright, Partner and Head of Private Infrastructure Americas at Partners Group, further emphasized the collaborative nature of this investment and its broader implications: “This transaction exemplifies our capacity to deliver flexible financing solutions to key players in the energy and infrastructure sectors. It was achieved through a synergistic investment approach led jointly by our private infrastructure and private debt teams. We foresee further opportunities for such cross-team collaborations in the future, enabling us to effectively address the evolving financial needs within the infrastructure domain across the entire capital structure.”
This investment in TransMontaigne Partners not only reinforces Partners Group’s commitment to supporting essential infrastructure but also demonstrates their expertise in navigating complex transactions within the energy sector. By providing crucial debt financing, Partners Group enables the continued growth and operational excellence of TransMontaigne Partners under the ownership of ArcLight Capital Partners, ultimately benefiting the broader energy market and its stakeholders.
About Partners Group
Partners Group is a preeminent global private markets investment management firm, overseeing USD 83 billion in investment programs across private equity, private real estate, private infrastructure, and private debt. The firm is dedicated to constructing a diverse array of customized portfolios for a global institutional investor base. With its headquarters in Zug, Switzerland, Partners Group maintains a significant global presence with offices spanning Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo, and Sydney. The firm employs a team of over 1,200 professionals and is publicly listed on the SIX Swiss Exchange (symbol: PGHN), with a substantial portion of ownership held by its partners and employees, ensuring a strong alignment of interests.
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