FTAI Infrastructure unit agrees to buy USD Group crude oil logistics assets for USD 255 million
Bitget2026/09/28 10:30- FTAI Infrastructure unit FTAI Energy Partners agreed to buy USD Group’s Port Arthur Terminal in Texas, plus a 50% stake in Hardisty, Alberta DRU.
- Total consideration about $255 million cash, financed through assumed debt and an acquisition debt facility secured by Jefferson.
- Acquired assets expected to generate about $50 million of annual EBITDA over the next 12 months.
- Deal targets regulatory approvals in Q4 2026; assets support a long-term take-or-pay crude logistics contract with minimum volume commitments.
- Port Arthur Terminal handles about 50,000 barrels per day by rail; connected to Phillips 66 Beaumont via a 12-mile pipeline.
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