Delek Logistics Partners teams with Green Plains Partners on terminal JV

In Tennessee, Delek Logistics Partners and Green Plains Partners LP announced the companies have formed DKGP Energy Terminals LLC, a 50/50 joint venture engaging in the light products terminalling business. DKGP signed a membership interest purchase agreement to acquire two light products terminals from an affiliate of American Midstream Partners, L.P. These light products terminals are located in Caddo Mills, Texas and North Little Rock, Arkansas. The total purchase price for these assets is $138.5 million in cash. Subject to customary closing conditions and regulatory approvals, this transaction is expected to close in the first half of 2018.