Injaz Petroleum is a leading energy infrastructure company and a strategic partner of Zenith Energy U.S., L.P., a globally recognized logistics and storage provider in the petroleum industry. Established in 2007, Injaz Petroleum Partners is headquartered in New York with operational presence in The Woodlands, Texas, and operates as a subsidiary of Zenith Energy U.S. Logistics Holdings, LLC.
In 2017, Injaz Petroleum and Zenith Energy U.S., L.P. entered a landmark joint partnership aimed at driving global growth and market dominance in tank farm services, petroleum storage, terminalling, shipping, and energy logistics. The partnership was designed to collectively manage and supply a significant portion of the world’s petroleum logistics demand.
On December 18, 2017, Injaz Petroleum’s unit holders voted overwhelmingly in support of the partnership and merger plan with Zenith. Approximately 99.38% of common units represented at the special meeting approved the deal, accounting for 81.12% of the total outstanding units at the time.
As part of the transaction:
Unit holders received $58.50 per unit, a 60% premium over the unit price as of August 28.
Lightfoot Capital Partners LP, holding approximately 26.8% of the company’s units, received $14.50 per unit for its 5.2 million units.
Zenith Energy paid $94.5 million to acquire 100% of the membership interests in the company’s general partner.
The agreement also included strategic asset acquisitions by Zenith and Lightfoot, such as:
Crude oil infrastructure in Illinois via Arc Terminals Joliet Holdings LLC.
A 5.5% stake in Gulf LNG Holdings Group LLC from Lightfoot.
The transaction was officially finalized on December 21, 2017, marking the beginning of a powerful joint venture. Together, Injaz Petroleum and Zenith Energy U.S., L.P. are shaping the future of energy logistics with scale, innovation, and global reach.