JET Infrastructure has announced it has acquired five fuel terminals from International-Matex Tank Terminals (IMTT), North America’s largest independent bulk liquids storage and logistics provider. This has increased the company’s presence in the US southeast to better serve the region’s aviation community.
“We’re pleased to welcome a talented team that shares our commitment to safety, integrity and service,” said Chad Edinger, CEO, JET. “This acquisition expands our growing platform into Georgia, Alabama and New Mexico, all of which are high-growth service regions. Together, we will continue to provide cost-effective and responsible infrastructure solutions for jet fuelling and biofuels as we strive to be a premier operating partner for airports and other customers.”
With the addition of the IMTT assets, JET will operate 12 assets strategically located across the US with total capacity of more than 2.1 million bbl and network of 145 miles of pipeline. This acquisition supports the company’s commitment to meeting the growing and transitioning demands in the aviation industry as it delivers safe, high-quality service to more customers across the US southeast.
JET will focus on enhancing the five terminals, providing the company with increased capacity and connectivity to offer greater volumes of product for military and fixed base operators across the US southeast. This expansion also enables JET to provide robust economic opportunities and greater sustainable solutions for the communities across this region.