Gavilon Signs Definitive Agreement with Plains All American Pipeline

« Back to news

 

Transaction will significantly expand Gavilon’s refined products marketing business

 

Omaha, Neb. (June 15, 2011) Gavilon, LLC today announced that it has signed a definitive agreement to purchase the refined products rack marketing business from Plains All American Pipeline, L.P. The transaction will significantly expand Gavilon’s participation in the wholesale fuels business, as it will give the company access to approximately 180 terminals throughout the United States. The acquisition is expected to be complete during the third quarter of 2011.

 

“We are looking forward to being a critical link in the supply chain between producers and customers in the refined products marketing sector,” said Rob Fuller, head of refined products marketing and trading at Gavilon. “The addition of this wholesale fuels rack marketing business will also greatly enhance our renewable fuels distribution network and diversify our customer base.”

 

“We are very pleased to add such a strategic piece of business to our physical energy services portfolio,” said Tom Ramsey, chief operating officer of Gavilon’s energy segment. “This transaction will leverage our energy marketing and trading expertise, and grow our margin-based income.”

 

The refined products rack marketing team will be based in Houston. For business inquiries, please contact Mr. Fuller at (713) 496-3900.

 

About The Gavilon Group, LLC

Headquartered in Omaha, Nebraska, The Gavilon Group, LLC is a leading commodity management firm, connecting producers and consumers of feed, food and fuel through its global supply chain network. Gavilon’s history dates back to 1874, when Peavey Company built its first grain facility. In 1982, Peavey was acquired by ConAgra Foods, Inc. and later became part of ConAgra Trade Group. In 2008, a group of investors, led by Ospraie Management, LLC, formed Gavilon and acquired ConAgra Trade Group, enabling the newly formed, privately held company to focus on growing its commodity business. In 2010, Gavilon acquired the DeBruce Companies, significantly expanding the company’s agricultural operations. Today, Gavilon leverages its strategic partnerships and more than 300 facilities and regional offices worldwide to link agricultural and energy supply with increasing global demand. The company provides origination, storage and handling, transportation and logistics, marketing and distribution, and risk management services to tens of thousands of customers each year and employs 1,800 people around the world. For more information, please visit www.gavilon.com