FTAI Acquired Crude Oil Logistics Assets for $255 Million
The deal includes a major terminal in Texas and a stake in a Canadian diluent recovery unit.
Updated on Sept. 28, 2026 in Oil and Gas
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FTAI Energy Partners LLC has agreed to purchase crude oil logistics infrastructure from USD Group LLC for $255 million. The deal secures assets in Port Arthur, Texas, and a 50% interest in a facility in Hardisty, Alberta.
Why it matters
The acquisition establishes an integrated platform for crude oil shipments, linking key origin points to major destination markets. The buyer anticipates that these assets will contribute $50 million in annual EBITDA over the coming year.
The deal involves assets with a capacity of 50,000 barrels of crude oil per day and a 12-mile, 24-inch pipeline connection to Beaumont. FTAI plans to fund the $255 million purchase through existing debt and an acquisition facility.
The players
FTAI Energy Partners LLC
This entity is an infrastructure company that acquires and manages energy logistics assets.
USD Group LLC
This organization specializes in the development and operation of energy-related logistics and rail terminals.
The details
The transaction includes a long-term take-or-pay contract with an energy exploration and production firm to support the logistics platform. FTAI intends to review potential issuances of Additional Parity Bonds under the Jefferson Bond Borrower LLC indenture to support the financing.
Timeline
FTAI announced the acquisition agreement on September 28, 2026.
The transaction is expected to close during the fourth quarter of 2026.
The acquired assets are projected to generate $50 million in EBITDA over the next twelve months.
Market Landscape
This acquisition represents a strategic move to consolidate regional energy logistics by integrating origin-to-destination transport capacity. The deal reflects a broader trend of infrastructure investment aimed at securing stable, long-term operational cash flows.
The agreement utilizes take-or-pay contracts to ensure long-term stability for these energy logistics routes. For the broader market, this shift in asset ownership suggests continued focus on the integration of critical energy transport corridors.
The takeaway
This acquisition signals a strategic pivot toward controlling integrated logistics chains within the North American energy market. Companies are increasingly prioritizing assets that offer predictable, contract-backed cash flows through long-term infrastructure utilization.
What happens next
The transaction is expected to close during the fourth quarter of 2026, pending the completion of necessary regulatory approvals.
Further reading
Learn more about the evolving infrastructure sector in our Oil and Gas section.
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Does consolidation in the energy logistics sector typically lead to higher costs for consumers?
