The combination of the ongoing North American energy boom with the current shortage of pipeline capacity has driven the increase in crude oil shipping on rail.
One example of a large transaction in this sector is USD Partners’ recent acquisition of 100 percent of the equity interests in Casper Crude to Rail loading facility from Stonepeak Infrastructure Partners, Cogent Energy Solutions and The Granite Peak Group for a total consideration of $225 million, subject to closing adjustments. The purchase price includes $208.3 million of cash and $16.7 million of limited partner units issued to the sellers, according to a recent release from USD Partners.
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