SOURCE: Lightfoot Capital Partners

July 12, 2007 17:05 ET

Lightfoot Capital Partners, LP Announces the Acquisition of Terminal Assets From Center Oil Company

NEW YORK, NY--(Marketwire - July 12, 2007) - Lightfoot Capital Partners, LP today announced that its newly formed limited partnership, Arc Terminals LP has acquired seven petroleum product terminals from Center Oil Company, a private energy company based in St. Louis, Missouri.

The acquired terminals are located in Ohio, Virginia, North Carolina, Illinois and Wisconsin. These terminals have a combined working capacity of approximately 1.5 million barrels and provide storage and delivery services for gasoline, diesel and bio-diesel, aviation gas, and ethanol. Current terminal customers include Center Oil Company as well as several unaffiliated, third parties.

"Our partnership with Lightfoot Capital enhances Center Oil's core business and provides our terminal operations, as part of Arc Terminals, the ability to take advantage of growth and expansion opportunities that currently exist throughout the United States," stated Gary Parker, President and CEO of Center Oil Company.

Initial limited partners of Arc Terminals LP include Lightfoot Capital Partners, LP and affiliates of Center Oil Company. Arc Terminals GP LLC, the general partner of Arc Terminals LP, is a wholly owned subsidiary of Lightfoot Capital Partners, LP.

Vince Cubbage, CEO of Lightfoot Capital, stated, "We look forward to working with Gary Parker and his team to build Arc Terminals into a leading, independent terminal business. As partners, we have identified a number of opportunities where Arc Terminals can grow its existing operations as well as expand into new markets."

About Lightfoot Capital Partners, LP

Lightfoot Capital Partners, LP, was formed in 2007 to invest directly and indirectly in master limited partnership (MLP) qualifying businesses, assets and securities. In addition to Arc Terminals, Lightfoot Capital owns the general partner of International Resource Partners LP, a Central Appalachian based producer and marketer of metallurgical and steam coal. Lightfoot Capital's founders and initial investors include its senior management team, Atlas America, Inc., Magnetar Capital, Lehman Brothers, and Goldman Sachs. For more information, please visit www.lightfootcapital.com.

About Center Oil Company

Center Oil Company was founded in 1986 by Gary R. Parker, President and CEO. The company distributes gasoline and other refined petroleum products throughout the United States by pipeline, ship, barge, and truck to and from petroleum terminals, some of which are owned by affiliated companies. For more information, please visit www.centeroil.com.

Contact Information

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