Deal of the Week: SemGroup to buy Houston terminal co. for $2B, expands footprint

The skinny

Tulsa, Oklahoma-based SemGroup Corp. (NYSE: SEMG) will buy Houston Fuel Oil Terminal Co. from investment funds managed by Alinda Capital Partners in a deal valued at approximately $2.1 billion. The deal is expected to close in the third quarter of 2017 and will give SemGroup a significant presence on the Houston Ship Channel.

Click to read more at Houston Business Journal.