TransMontaigne Partners (NYSE: TLP) is a leading provider of terminaling, storage, transportation and related services to the energy industry. We are a growth-oriented master limited partnership that owns and operates a diversified network of midstream terminals located in strategic markets throughout the United States. Our highly-contracted terminals and pipelines provide essential storage and transportation services to our customers, who are distributors and marketers for a wide array of petroleum products, crude oil, chemicals, fertilizers and other liquid products.
TransMontaigne has more than a decade of experience and a proven track-record of success and is among the longest-standing publicly traded energy partnerships in the U.S. Since our founding in 2005, TransMontaigne has successfully expanded from a focus on the Florida Coast with a modest base of nine terminals and one refined product pipeline, to become a strategic network of 51 terminals and distribution assets spanning six key geographic locations and including two strategic investments throughout the United States. We have expanded our total storage capacity by more than five-fold from approximately 5.5 million barrels in 2005 to more than 38 million barrels today.
We are committed to long-term growth, driven along three main avenues: maximizing the profitability of our base system to expand profitability of our assets, organic platform growth through new projects and investments, and platform expansion through accretive acquisitions of complimentary energy infrastructure assets. We have embraced this path to successful value creation over our company’s history, and see a clear and compelling opportunity to extend this simple and effective strategy into the future.
In 2016, we were fortunate to develop a relationship with ArcLight Capital Partners, LLC following their acquisition of our general partner and approximately 20% of our limited partnership units. ArcLight is one of the leading private equity firms focused on energy infrastructure investments. We are excited to partner with our sponsor ArcLight and work to optimize our platform and expand our growth trajectory.