TransMontaigne, Inc. is an American oil pipeline company.
The principal predecessor to TransMontaigne was formed in 1977 in Arkansas and run by Cortland Dietler, the company’s first CEO. Dietler led management through a reverse merger in 1995. The company emerged with the new name, TransMontaigne Oil Company.
TransMontaigne bought out Sheffield Exploration Company in 1996, sold off its assets and held on to its midstream operations. The company went public the same year.
TransMontaigne acquired several other companies in the years that followed, giving it access to more barrel capacity as well as increased ownership of pipelines.
In 2006 the company became a wholly-owned subsidiary of Morgan Stanley, and was subsequently delisted from the New York Stock Exchange.
Today TransMontaigne gathers, transports, stores, and markets refined petroleum products, chemicals, and crude oil. It operates primarily in the Mississippi River Corridor.
TransMontaigne is #21 on the Forbes list of America’s Largest Private Companies, has 820 employees, and had $12 billion in revenue in 2011.
TransMontaigneTransMontaigne, Inc. is an American oil pipeline company.
The principal predecessor to TransMontaigne was formed in 1977 in Arkansas and run by Cortland Dietler, the company’s first CEO. Dietler led management through a reverse merger in 1995. The company emerged with the new name, TransMontaigne Oil Company.
TransMontaigne bought out Sheffield Exploration Company in 1996, sold off its assets and held on to its midstream operations. The company went public the same year.
History
TransMontaigne acquired several other companies in the years that followed, giving it access to more barrel capacity as well as increased ownership of pipelines.
In 2006 the company became a wholly-owned subsidiary of Morgan Stanley, and was subsequently delisted from the New York Stock Exchange.
Today TransMontaigne gathers, transports, stores, and markets refined petroleum products, chemicals, and crude oil. It operates primarily in the Mississippi River Corridor.
TransMontaigne is #21 on the Forbes list of America’s Largest Private Companies, has 820 employees, and had $12 billion in revenue in 2011.
