Blackwater Midstream Corp. announced on Feb. 2 plans to acquire a liquid terminal facility in Brunswick, Georgia, for $1.8 million. The acquisition is expected to be completed within the first quarter 2010.

The Brunswick site consists of 160,000 bbl of storage capacity on six acres of property that is leased from the Georgia Port Authority. The site is accessible for ocean vessels, inland barges, railcars, and tank trucks. There is also space available within the existing facility to build an additional 150,000 bbl of capacity at the site.

“The Brunswick facility acquisition is a key addition to our business,” said Mike Suder, Blackwater Midstream Corp.’s CEO. “It is strategically located between the crowded Savannah and Jacksonville markets, and will serve our potential customers’ product distribution requirements as a full service terminal storage facility.”

Frank Marrocco, chief commercial office of Blackwater Midstream Corp. stated that the acquisition will expand the company’s customer relationships into the South Atlantic region and continue diversifying its business portfolio.

Blackwater Midstream Corp. is an independent operator of bulk liquid storage terminals including a storage terminal facility in the Port of New Orleans in Westwego, Louisiana. The Westwego facility consists of 902,000 bbl of storage capacity capable of storing a variety of chemical and petroleum products. The site offers modal access for product distribution via marine, rail, and truck.