Colonial Pipeline Affiliate Completes Acquisition of Three Refined Product Terminals from Lincoln Terminal Company

New Line of Business, Named Colonial Premier Terminals, Expands Service Offerings to Colonial Customers

ALPHARETTA, GA (October 1, 2020) – Colonial Terminals Operating Company LLC – a subsidiary of Colonial Enterprises, Inc. (Colonial) and an affiliate of Colonial Pipeline Company – has completed the acquisition of three refined product terminals from Lincoln Terminal Company, Inc. (Lincoln), a Southeast products and biofuels marketing and logistics company.

The new business will operate under the brand name Colonial Premier Terminals. Two of the terminals acquired, located in Charlotte, NC and Chattanooga, TN, are presently connected to the Colonial Pipeline Company system, and the other, located in Fredericksburg, VA, is connected to Plantation Pipe Line. 

“This acquisition provides an excellent opportunity for Colonial to move into the terminal business, offers a complementary service to Colonial Pipeline Company’s current customers, and lays the groundwork for further strategic expansion,” said Joe Blount, President and CEO of Colonial Enterprises. ​“Terminals are a natural extension of Colonial’s overall business, providing the opportunity to serve customers in new ways while building and strengthening relationships.”

“The acquisition process has gone smoothly and we expect Colonial will leverage its operations experience and extend it to the terminal business,” said Larry Burgamy, CEO and President of Lincoln. ​“I am confident that both existing and new customers will continue to receive the same quality of service that they have come to expect from these terminal operations.”

About Colonial Terminals Operating Company LLC: Colonial Terminals Operating Company LLC DBA Colonial Premier Terminals, is a subsidiary of Colonial Enterprises, Inc. and an affiliate of Colonial Pipeline Company. Colonial Pipeline Company, founded in 1962, connects refineries ­– primarily located in the Gulf Coast ­– with customers and markets throughout the Southern and Eastern United States through a pipeline system that spans more than 5,500 miles. The company delivers refined petroleum products such as gasoline, diesel, jet fuel, home heating oil, and fuel for the U.S. military. Colonial is committed to safety and environmental stewardship across its operations. More information about Colonial is available at www.colpipe.com.

About Lincoln Terminal Company, Inc.: Lincoln Terminal Company, Inc. is a growing and leading provider of terminal services in the Southeast and Mid-Atlantic region. The company provides throughput and storage solutions for gasoline, diesel, biodiesel and ethanol products. They operate 27 biodiesel blending sites; 4 full-service petroleum terminals; and 3 terminal transload sites. Lincoln’s loading facilities are uniquely focused on driver efficiency, inventory management and product automation.

Colonial Media Contact:

Kevin Feeney
[email protected]

# # #