Arc Logistics Partners LP (NYSE: ARCX), through a joint venture with GE Energy Financial Services (GE EFS) a unit of General Electric (NYSE: GE), is buying Joliet Bulk, Barge & Rail LLC for $216 million.

Joliet Bulk owns a crude oil unloading terminal, a four-mile crude oil pipeline and the Joliet Terminal, located in Joliet, Illinois, and are expected to be finished in April. The business is being sold by CenterPoint Properties Trust, an Oak Brook, Illinois-based industrial property developer.

After the deal closes Arc will own 60 percent of the assets, and GE EFS will own 40 percent. Arc is contributing $130 million to the purchase price, which it plans to fund with proceeds from a private placement and borrowings under its revolving credit facility.

Arc, headquartered in New York, owns, develops and acquires energy logistics assets.

Vinson & Elkins advised CenterPoint on the sale.

Dealmakers are expecting a short-term slowdown in energy-related M&A, according to our Mid-Market Pulse index. As a whole, the sector is expected to face mounting distress because of low crude oil prices, which may lead to industry consolidation. For more, see Investors Flow Into Oil & Gas