“These assets will give Buckeye greater access to important markets and refinery operations in the Midwest,” said Forrest E Wylie, chairman and chief executive officer of Buckeye’s general partner. “The combined footprint increases the commercial value to our customers by offering enhanced distribution connectivity and flexible storage capabilities. In addition, this transaction is supported by stable tariff and fee-based revenues and presents incremental opportunities to expand our product marketing activities. We anticipate a smooth integration and rapid realization of operating synergies. The resulting improvement in asset utilization and identified organic growth projects are expected to increase distributable income to our partnership unit holders.”