Macquarie Asset Management, through the Lombard Odier Macquarie Infrastructure Fund, has agreed to sell TanQuid to Sunoco LP. TanQuid is recognized as Germany's largest independent liquid petrochemical storage operator, serving international clients in the mineral oil and chemical industries. It manages over 3 million cubic meters of storage facilities across 15 sites in Germany and one in Poland.
Since first investing in TanQuid in 2005, Macquarie-managed funds have facilitated the company's growth through strategic acquisitions and organic development. Over two decades, TanQuid expanded its total capacity from 2.5 million cubic meters to more than 3.1 million cubic meters and increased its tank farm sites from eight to sixteen.
TanQuid has diversified towards energy transition products under Macquarie’s ownership, becoming a pioneer in storing commercial hydrotreated vegetable oil and sustainable aviation fuel. The company also enhanced its focus on operational excellence and risk management, achieving an improved health and safety record. It currently holds the top Performance Score within the Energy Resource Storage peer group by GRESB.
Cord von Lewinski, Managing Director at Macquarie Asset Management, commented: “Today marks the end of a significant journey with one of the longest held assets in Macquarie’s platform. Since our initial investment in 2005, TanQuid has undergone exceptional growth and is now a market leader in storage for products supporting the energy transition and petrochemicals. It has been a pleasure to have supported TanQuid over the past two decades, and we wish the company the very best as it embarks on the next phase of its journey.”
The transaction is expected to conclude financially in 2025, pending regulatory approvals and customary closing conditions.
The information provided is a general description of Macquarie Group only. Before acting on any information presented here, individuals should consider their specific objectives, financial situation, needs, and seek advice accordingly. No part of this announcement constitutes advice or an offer related to any financial product or service.