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Marstel Terminals


Founded in 1987, Marstel Terminals had grown to become a leading independent owner and operator of bulk liquid storage terminals in Australasia. Propel Investments became a 45% shareholder in 2003.


Greenstone Partners conducted a broad auction sale process, identifying and directly contacting over 150 prospective purchasers across the globe. A key element in the process involved demonstrating the veracity of future terminal development projects that underpinned the Company’s financial forecasts.


The process resulted in the sale of Marstel to Stolt-Nielsen, a multi-national provider of integrated transportation and storage solutions for specialty and bulk liquid chemicals. As part of the sale, Propel Investments sold its 45% shareholding and Marstel’s founders retained a 30% shareholding in the Company.