Affiliate of Jefferson Energy Companies Agrees to Acquire Crude Oil Logistics Assets from USD Group
FTAI Energy Partners LLC, a subsidiary of FTAI Infrastructure Inc., announced a definitive agreement to acquire the Port Arthur Terminal in Texas and a 50% interest in the Diluent Recovery Unit in Alberta from a subsidiary of USD Group LLC for approximately $255 million in cash. The transaction is expected to close in the fourth quarter of 2026 pending regulatory approvals.
Why it matters — The acquisition is expected to add roughly $50 million in annual EBITDA and expands FIP's crude oil logistics footprint across two strategic North American locations.