SAN ANTONIO — NuStar Energy LP has entered into an agreement to sell its terminals in Texas City, Texas, to BWC Terminals for $106 million. At press time, the acquisition was expected to close in the fourth quarter of 2020, subject to the satisfaction of customary closing conditions.

“While the Texas City terminals are great assets with outstanding operations and employees, the location and unique configuration of these terminals are no longer synergistic with NuStar’s strategies for our other Gulf Coast assets,” said Brad Barron, president and CEO of NuStar. “For this reason, we determined that the best path forward for the continued success of these facilities and NuStar is to allow them to be acquired by an entity that can take advantage of the terminals’ niche petrochemical and petroleum capabilities. We are pleased that BWC Terminals has just such a business model.”

For more information, visit www.nustarenergy.com or www.bwcterminals.com.