Olympus Terminals LLC

Olympus Terminals LLC, based in Long Beach, US, specializes in the storage and transportation of refined petroleum products, ensuring compliance with stringent safety and environmental standards. Founded in 1984, Olympus Terminals LLC operates as a key player in the refined petroleum products sector. The company has not undergone any significant business pivots or changes in its operational strategy. Its headquarters is located in Long Beach, California, and the company is led by founder Shane Hinds.

Olympus Terminals LLC specializes in the storage and transportation of refined petroleum products, including diesel, gasoline, renewables, biodiesel, and fuel oils. The company operates two primary facilities: the Long Beach Marine Terminal, covering five acres with nine storage tanks and a total capacity of 520,000 barrels, and the Carson Terminal, spanning 15 acres with 22 storage tanks and a capacity of 1,289,000 barrels. Olympus Terminals adheres to environmental standards and American Petroleum Institute (API) inspection criteria, serving a diverse client base in the greater Los Angeles area, including local refineries and other terminals. Olympus Terminals generates revenue primarily through B2B transactions, providing storage and transportation services for various petroleum products to clients such as refineries, fuel distributors, and commercial enterprises.

The company's revenue structure is based on storage capacity and tailored service agreements, including long-term storage contracts with fixed and variable pricing components. Its operations are enhanced by an extensive pipeline network that connects its terminals, aligning service offerings with client needs in the petroleum storage market. In May 2024, Olympus Terminals LLC was acquired by TPG from Davidson Kempner Capital Management, Intrepid Investment Management, and Pilot Flying J, with financial terms undisclosed. This acquisition is expected to enhance the company's renewable diesel solutions.

Olympus Terminals plans to expand its market presence by introducing new products designed to meet emerging energy needs, although specific details and release dates have yet to be disclosed.