August 2020, Vol. 247, No. 8

Companies in the News

Colonial Terminals Operating Company

Colonial Terminals Operating Company – a subsidiary of Colonial Enterprises, Inc. (Colonial) and an affiliate of Colonial Pipeline Company – has agreed to purchase three refined product terminals from Lincoln Terminal Company, a products and biofuels marketing and logistics company. Two of the terminals, located in Charlotte, N.C., and Chattanooga, Tenn., are connected to the Colonial Pipeline Company system, and the other is located in Fredericksburg, Va. The acquisition allows Colonial to move into the terminal business and lay the groundwork for further expansion. “Terminals are a natural extension of Colonial’s overall business, providing the opportunity to serve customers in new ways while building and strengthening relationships,” Colonial said.