RELEASE: Ara Partners Acquires Majority Stake in Lincoln Terminals

BOSTON, Nov.

RELEASE: Ara Partners Acquires Majority Stake in Lincoln Terminals

BOSTON, Nov. 15, 2022 /PRNewswire/ -- Ara Partners ("Ara") announced today that it has acquired a majority stake in Lincoln Terminal Holdings, LP ("Lincoln"), a leading renewable fuel logistics and infrastructure provider in Southeastern and Mid-Atlantic United States. Ara has also committed additional capital to support a significant expansion of the company's renewable fuels infrastructure footprint. Lincoln is the first investment for Ara's infrastructure strategy.

Headquartered in Greenville, South Carolina, Lincoln owns and operates five strategic rail storage and transshipment facilities in four states. Led by CEO Larry Burgamy and Chairman Josh Henderson, the company has a long history of developing, commercializing and operating infrastructure for the last-mile delivery of transportation fuels to end customers.

"We are proud to partner with Ara Partners to fuel the next phase of growth at Lincoln," said Burgamy. "The green fuel revolution in North America is in its infancy, and our partnership with Ara will allow us to maximize our impact in this fast-growing ecosystem."

"We strongly believe that renewable fuels are critical to accelerating the decarbonization of the industrial sector," said George Yong, Partner and Co-Head of Infrastructure at Ara Partners. "We are incredibly impressed with Lincoln's depth of knowledge and experience in renewable fuels infrastructure, and we are thrilled to partner with Larry, Josh and their team to capitalize on the many opportunities that exist in this evolving market."

About Ara Partners

Ara Partners is a private equity and infrastructure firm that specializes in industrial decarbonization investments. Ara Partners invests in the Industrial and Manufacturing, Chemicals and Materials, Energy Efficiency and Green Fuels, and Food and Agriculture sectors, seeking to acquire and build businesses that provide significant decarbonization impact. It operates from offices in Boston, Massachusetts, Houston, Texas, and Dublin, Ireland. For more information about Ara Partners, visit www.arapartners.com.

About Lincoln

Lincoln is a leading provider of terminal services with an entrenched position in the Southeast and Mid-Atlantic regions. The company provides performance and storage solutions for renewable fuels. Lincoln's transshipment facilities are located in four states and are solely focused on reducing carbon emissions through automation and driver and transportation efficiency.

Logo - linkLogo - link

View original content: enlace

Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

Üye değilseniz hemen üye olun veya giriş yapın.

NEXT NEWS