Marstel Terminals

Background

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.

Process

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.

Result

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.