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Alinda Capital Partners has announced that investment funds managed by Alinda have acquired a 100 percent ownership of Houston Fuel Oil Terminal Company from AL Gulf Coast Terminals, an investment affiliate controlled by ArcLight Capital Partners, LLC. Terms of the transaction were not released.

HFOTCO is a leading marine terminal for storage of residual fuel oil and crude oil. The company owns and operates a 13.8 million barrels storage terminal, and is the largest provider of residual fuel oil storage in the U.S. Gulf Coast.

HFOTCO’s assets are strategically located on a 312-acre footprint at the widest point of the Houston Ship Channel, one of the largest trading centers for residual fuel oil and crude oil in the world.

The company stores, blends, and transports residual and crude oil via pipeline, barge, rail, truck and ship for major oil companies, refiners, carbon black manufacturers, international trading firms and bunker suppliers.

"“HFOTCO is the preeminent residual fuel oil terminal on the US Gulf Coast.” said Alinda Managing Partner Chris Beale. "The company provides a vital service to its customers in the region and around the world. We look forward to a long and successful partnership with management, who share our long-term focus and emphasis on quality operations and growth."

ArcLight’s Managing Partner, Dan Revers, commented: "We are very proud of HFOTCO and the transformation of the business into a world class facility with state-of-the art infrastructure and services for customers. We are pleased that Alinda recognized the strengths of the business through executing this acquisition."

"We are excited about Alinda’s investment," said HFOTCO CEO Bill Wilson. "Alinda is committed to working with the HFOTCO team to continue to grow the Company and expand the service offering to our customers."