Paris-based private equity Ardian is buying a stake in LBC Tank Terminals, a chemical storage facility operator, for an undisclosed amount. LBC marks the third U.S.-focused investment by the Ardian infrastructure division in recent months.
LBC is an independent owner of bulk liquid storage operations used to store petrochemicals, petroleum products and base oil products. The target is headquartered in Belgium with multiple facilities across the U.S., Europe and China. LBC also offers loading and unloading services for a variety of transportation capabilities. The deal comes as LBC shifts its business strategy toward the expansion of its facilities in the U.S. and Europe.