After thirty-nine years with IMTT, serving as President and Chief Executive Officer for the past five years, Richard Courtney will retire from his full-time duties.

MIC announced that it has successfully completed the sale of its IMTT business to an affiliate of Riverstone Holdings, Inc. for $2.67 billion.

Riverstone announced that they have entered into a definitive agreement to buy IMTT from MIC for total consideration of $2.685 billion.