TransMontaigne Partners LLC has completed the sale of its Fisher Island terminal in Miami, Florida, for $180 million. The facility has a storage capacity of approximately 700,000 barrels for marine fuels.
Following the sale, TransMontaigne leased the terminal back to continue operations and service existing customer agreements. The proceeds from the sale were used to pay down certain term debt obligations, strengthening the company’s financial position.
News and additional information about TransMontaigne Partners LLC is available at www.transmontaignepartners.com.