Gavilon currently operates integrated crude oil storage, terminal and pipeline assets situated in Oklahoma, Texas and Louisiana, and also engaged in crude oil and refined products supply, marketing and logistics business (SM&L).
Gavilon holds a 50% interest in Glass Mountain pipeline, and a 4.14 owned and 3.85 leased million barrels (MMbbls) of storage in Cushing, Oklahoma.
It also has a marine terminal and nine truck terminals including around 22 leases automatic custody transfer (LACT) units.
With its SM&L business, Gavilon also leases around 200 trucks, 350 railcars and eight barges to supply crude oil.
The company also markets and supplies refined products and natural gas liquids through a network of about 300 distribution terminals across 39 states.
The transaction, which is expected to be completed in December 2013, is subject to customary closing conditions.
