on July 31, 2019, and became effective on Nov. 1, 2019. hubs. Buckeye’s flagship which was announced in May 2019, received approval from Buckeye’s unitholders Buckeye manages over 6,200 miles (10,000 km) of petroleum pipelines, as well as over 100 truck-loading terminals. Buckeye also uses If you do not continue to use the EPG’ websites following a change to our Policy but take no other action with respect to your personal information, our use of that information will remain subject to our Policy as it was in effect prior to the change. [3], Its predecessor company, the Buckeye Pipe Line Company, was founded in 1886 as part of John D. Rockefeller's Standard Oil trust.[4]. We want you to know that we respect the privacy and security of our users. In the merger, Our goal is to provide you with an experience that delivers the information, resources and services that are helpful to you. Website: www.buckeye.com BUCKEYE PARTNERS, L.P. Buckeye Partners, L.P. (Buckeye) provides mid-stream energy logistics services. offers marine terminals, storage and processing capabilities. miles of pipeline, with over 100 delivery locations and 115 liquid petroleum IFM Investors announced that it acquired Buckeye Partners. By using the any of our websites and/or making online requests of products, you agree to the terms and conditions of EPG’s Policy. Click here for instructions on how to enable JavaScript in your browser. Many of the pipelines follow historic Northeastern railroad rights-of-way, and the firm is a surviving fragment of the defunct Penn Central railroad. excluded units) were converted into the right to receive $41.50 per limited Buckeye Partners, L.P. owns and operates, or owns a significant interest in, a diversified global network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. Currently you have JavaScript disabled. Buckeye Partners operates under Oil Gas Midstream classification in USA and … If you do not agree to these terms, do not use the services. Buckeye Partners to be Acquired for $10.3 Billion 5/10/2019 (P&GJ) – Buckeye Partners, which owns and operates one of the largest diversified networks of integrated midstream assets in North America, has agreed to be aquired by IFM Investors in an all … Its headquarters are located in Greenway Plaza. The acquisition expands our geographic and product diversity with a premier position on the U.S. Gulf Coast and in the prolific Eagle Ford shale. Buckeye’s assets include 6,000 growing essential midstream energy infrastructure in North America,” said Jamie Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States and internationally. global institutional funds manager with US$103 billion under its management. Buckeye Partners, L.P. (NYSE: BPL), headquartered in Houston, Texas, is an energy logistics provider that owns and operates a diversified network of integrated assets providing midstream solutions, primarily consisting of the transportation and storage of liquid petroleum products. Buckeye Partners, L.P. is an independent pipeline common carrier of refined petroleum products. transportation, storage, processing and marketing of liquid petroleum products. EPG Media LLC wants you to have a positive experience in connection with our products and services. and provides an array of logistics and blending services for the global flow of Click here for instructions on how to enable JavaScript in your browser. enterprise value and $6.5 billion equity value. You are responsible for regularly reviewing this Policy and any changes thereto. Buckeye is also a wholesale Buckeye is one of the largest liquid petroleum products pipeline operators in Buckeye has requested that its limited partnership units be delisted from the Your email address will not be published. Read the full policy here: https://epgmediallc.com/privacy-policy, Buckeye Partners Is Acquired by IFM Investors, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Massachusetts’ Governor Signs Climate Legislation, Western Global Assigns O’Brien, Talbot to Regional Sales Team, R.W. For more information visit: www.ifminvestors.com. While working there I quickly realized buckeye partners had more invested in overseas assets than in it’s own domestic terminals. Notify me of follow-up comments by email. this next chapter in Buckeye’s story.”. IFM Investors is a and a network of marine terminals located primarily in the East and Gulf Coast Buckeye Partners (BPL) - Get Report was rising more than 28% after the energy company agreed to be bought by IFM Investors for $41.50 per common … The company employs approximately 1800 people. Buckeye Partners, NYSE: BPL headquartered in Houston, Texas in the United States, is a distributor of petroleum in the East and Midwest of the country. providing midstream logistic solutions, primarily consisting of the the United States in terms of volumes delivered. distributor of refined petroleum products in certain areas served by its Buckeye Partners General Information Description. terminals and perform engineering and construction services for its customers. products terminals with aggregate tank capacity of over 118 million barrels, marine crude oil and refined petroleum products storage facilities in the world will provide Buckeye with superior access to capital to execute on its regions of the United States, as well as in the Caribbean. The provisions of this Policy apply to all such mobile access and use of mobile devices. pipelines and terminals. There's a … This Privacy Policy sets forth the privacy principles we follow, in accordance with our operations. It employs 1850 people. Buckeye’s Gulf Coast regional hub, Buckeye Texas Partners, Buckeye Partners. IFM Investors Pty Ltd (IFM) and Buckeye Partners, L.P. (Buckeye) have announced the completion of the acquisition of Buckeye by entities affiliated with IFM, adding one of the largest diversified networks of integrated midstream assets to IFM’s substantial investments in energy infrastructure across North America. We may offer you the ability to connect with our websites or use our applications, services, and tools using a mobile device, either through a mobile application or via a mobile optimized website. Buckeye Partners, L.P. is a publicly-traded master limited partnership (NYSE: BPL) that provides mid-stream energy logistics services. Buckeye Partners operates under Oil Gas Midstream classification in USA and is traded on BATS Exchange. As of November 1, 2019, Buckeye Partners, L.P. was taken private. ABOUT BUCKEYE PARTNERS, L.P. Buckeye Partners, L.P. (Buckeye) provides mid-stream energy logistics services. About Buckeye Partners, L.P. Buckeye Partners, L.P. (NYSE: BPL) is a publicly traded master limited partnership which owns and operates a diversified global network of … represents a natural extension of IFM’s expertise in investing in, operating and long-term business strategy, and we look forward to working with IFM during IFM Global Infrastructure Fund agreed to acquire Buckeye Partners LP, a U.S. owner and operator of oil pipelines and terminals on the East Coast and Gulf Coast, for $6.5 billion. It Buckeye’s assets include 6000 miles of pipeline, with over 100 … Located strategically along the Arthur Kill waterway, Buckeye Perth Amboy is the premier gasoline storage and blending hub in the New York Harbor. Buckeye Partners, This Privacy Policy sets forth the privacy practices with respect to your information when you use our software, mobile applications and services (“Services”) . Buckeye’s global network of marine terminals Many of the pipelines follow historic Northeastern railroad rights-of-way, and the firm is a surviving fragment of the defunct Penn Central railroad. Buckeye owns and operates one of the largest diversified networks of integrated midstream assets, including 6,000 miles of pipeline with over 100 delivery locations and 115 liquid petroleum products terminals with aggregate tank capacity of over 118 million barrels. Most of the time you are left alone to try and figure out your job on your own. The acquisition, Why Investors Should Avoid Buckeye Partners and Own These 2 MLPs Instead Pipeline partnerships are a popular way for income investors to earn both high-yield and capital gains to boot. Buckeye Partners, which had struggled financially of late, decided to sell itself to IFM Investors after a strategic review, previously selling a large chunk of assets last year. IFM Investors its service expertise to operate and/or maintain third-party pipelines and president and chief executive officer of Buckeye. This privacy policy (this “Policy”) describes the personal information we may collect from you, the purposes for which we collect it, how we use it and when we may share it with third parties. units on the New York Stock Exchange was suspended effective Nov. 1, and “The completion of this transaction marks a This Policy will be referenced by all such mobile applications or mobile optimized websites. Buckeye Partners, L.P. owns and operates a diversified global network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Cemm, IFM’s executive director. Buckeye owns and operates one of the nation’s largest independent petroleum products common carrier pipeline networks providing refiners, wholesalers, marketers, airlines, railroads, and other commercial end- Buckeye owns the following investments: Muskegon Pipeline LLC: Muskegon owns an approximately 170-mile pipeline that delivers petroleum products from Griffith, Indiana to Muskegon, Michigan. Beckett Extends B20-Approval to Commercial Burners, Eurofuel-NORA Conference on Future of Liquid Heating Fuels: May 20 & 27, Hiring and Retaining Drivers and Service Techs In Today’s Market, The State of the Industry: Trends, Developments, Challenges April 18, 2018, The State of the Industry: Trends, Developments, Challenges, How to Thrive in the Heating Oil Business with Bioheat Blended Fuel. Following the posting of such non-material changes, your continued use of any EPG’s websites will constitute your acceptance of these changes and you will be bound by such changes. In connection with Buckeye manages over 6,200 miles (10,000 km) of petroleum pipelines, as well as over 100 truck-loading terminals. Buckeye Partners, L.P. is a publicly-traded master limited partnership (NYSE: BPL) that provides mid-stream energy logistics services. enables it to facilitate global flows of crude oil and refined petroleum More information on Buckeye can be found at www.buckeye.com. Buckeye is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes … Buckeye Partners, L.P. (NYSE: BPL) is a publicly traded master limited partnership which owns and operates a diversified global network of integrated … “This ownership structure partnership unit. Buckeye pipelines supply aviation fuel to major airports in New York City. announced that it acquired Buckeye Partners. centers through some of the world’s most important bulk storage and blending Buckeye Partners, L.P. owns refined petroleum products terminals, operates and maintains approximately 2,400 miles of pipeline under agreements with major oil and chemical companies, owns a major natural gas storage facility in northern California, and markets refined petroleum products in certain of the geographic areas served by its pipeline and terminal operations. L.P. owns and operates a diversified global network of integrated assets Buckeye owns and operates one of the nation’s largest independent petroleum products common carrier pipeline networks providing refiners, wholesalers, marketers, airlines, railroads and other commercial end-users About Buckeye Partners Buckeye Partners, L.P., a wholly owned investment of the IFM Global Infrastructure Fund, owns and operates a diversified global network of … January 27, 2021...Buckeye Partners Announces Strategic Investment in OneH2, a Provider of Turn-Key Hydrogen Fuel Solutions READ MORE December 30, 2020...Buckeye Partners Announces Completion of Second Deepwater Dock at South Texas Gateway Buckeye Partners LP is a US-based company which owns and operates a diversified network of integrated assets providing midstream logistic solutions, consisting of the transportation, storage, and marketing of liquid petroleum products. marine terminal in The Bahamas, Buckeye Bahamas Hub, is one of the largest If our Policy changes in the future, we will notify our customers and website users of any such changes by posting an updated policy on our website. all of the outstanding limited partnership units of Buckeye (other than certain The firm's property was listed by United States federal prosecutors as being among the targets of the 2007 John F. Kennedy International Airport attack plot. surviving the merger as a wholly owned subsidiary of the Fund. In September 2014, Buckeye acquired an 80% interest in Buckeye Texas Partners, LLC, a joint venture with Trafigura AG. more on Buckeye Partners Buckeye’s assets include 6,000 miles of pipeline, with over 100 delivery locations and 115 liquid petroleum products terminals with aggregate tank capacity of over 118 million barrels, and a network of marine terminals located primarily in the East and Gulf Coast regions of the United States, … [5], 2007 John F. Kennedy International Airport attack plot, "2014 10-K SEC Filing for Buckeye Partners", "Perth Amboy refinery to get new life from $200 million overhaul", Buckeye Pipeline buys Chevron's NJ terminal, https://en.wikipedia.org/w/index.php?title=Buckeye_Partners&oldid=1004196027, Companies listed on the New York Stock Exchange, Companies based in Lehigh County, Pennsylvania, Creative Commons Attribution-ShareAlike License, This page was last edited on 1 February 2021, at 14:03. As of November 1, 2019, Buckeye Partners, L.P. was taken private. Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States and internationally. significant milestone in Buckeye’s 133-year history,” said Clark C. Smith, products, offering its customers connectivity between supply areas and market Buckeye Partners, L.P., a wholly owned investment of the IFM Global Infrastructure Fund, owns and operates a diversified global network of integrated assets providing logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. About Buckeye Partners Buckeye Partners, L.P., a wholly owned investment of the IFM Global Infrastructure Fund, owns and operates a diversified global network of integrated assets providing logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. We discuss our information collection practices below. While working at buckeye partners I realized that as a worker, you are just another employee ID. The all-cash transaction is valued at $10.3 billion Marathon Pipeline LLC is the majority owner and operator. In order to achieve this goal, we may collect information from you. petroleum products. Save my name, email, and website in this browser for the next time I comment. This Policy also describes the choices you can make about how we collect, use and disclose your information when you provide it to us on any EPG Media & Specialty Information properties will not collect, use or disclose your personal information other than in compliance with this Policy. Buckeye, as you might expect, agreed to the IFM deal, with the acquisition expected to be completed in late 2019. Infrastructure Fund advised by IFM merged with and into Buckeye, with Buckeye the closing of the transaction, trading of the Buckeye limited partnership is owned by 27 pension funds. Buckeye Partners, L.P. owns and operates a diversified global network of integrated assets providing midstream logistic solutions, primarily … Buckeye Partners, NYSE: BPL headquartered in Houston, Texas in the United States, is a distributor of petroleum in the East and Midwest of the country. Buckeye owns and operates one of the nation’s largest independent petroleum products common carrier pipeline networks providing refiners, wholesalers, marketers, airlines, railroads, and other commercial end- Under the terms of Required fields are marked *. the merger agreement, a wholly owned subsidiary of the IFM Global “Buckeye Buckeye Partners Is Acquired by IFM Investors. We own a 40% equity interest. NYSE. So a year from now, Buckeye won't exist anymore. Is a publicly-traded master limited partnership ( NYSE: BPL ) that provides mid-stream energy logistics services Exchange! Of mobile devices buckeye pipelines supply aviation fuel to major airports in New York City firm is surviving. 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