TanQuid, a major independent liquid petrochemical storage operator in Germany, is set to be sold by Macquarie-managed funds to Sunoco. The company, headquartered in Duisburg, operates over 3 million cubic meters of storage facilities across 15 sites in Germany and one in Poland. These sites are strategically located at important transportation points.
Macquarie first invested in TanQuid in 2005. Over the past two decades, the firm has supported TanQuid’s growth through organic expansion and strategic acquisitions. The total capacity of TanQuid’s portfolio increased from 2.5 million cubic meters to more than 3.1 million cubic meters today, with the number of tank farm sites doubling from eight to sixteen.
In line with its growth strategy, TanQuid diversified its business towards energy transition products. It became one of the first German operators to store commercial hydrotreated vegetable oil and sustainable aviation fuel, maintaining a leading position in this market segment.
The transaction between Macquarie and Sunoco is expected to reach financial close within 2025, pending regulatory approvals and customary closing conditions.
The A&O Shearman team handling this transaction was led by partner Max Landshut and counsel Marie-Luise von Buchwaldt from Corporate/M&A in Hamburg. The core team included partner Dr. Magnus Müller and counsel Dr. Jens Denninger from Tax in Munich, along with senior associate Axel Jost and associates Dr. Jonas Schuck, Juliana Palavra Gorgueira, and Antonia Pfaff from Corporate/M&A also based in Hamburg.
Additional members of the team included partners Markulf Behrendt (Hamburg), Peter Wehner (Employment), Dr. Jochen Scheel (Real Estate), Dr. Udo Olgemöller (Public Law) all based in Frankfurt; Catharina Glugla (Data Protection); Dr. Jens Matthes (IP/IT) both based in Düsseldorf; counsel Justyna Ostrowska (IP/IT/Data Protection) based in Warsaw; senior associates Anna Kräling (IP/IT) based in Düsseldorf; Tom Haeseler (Banking & Finance) based in Frankfurt; Merle Herrmann (Hamburg); Dr. Sven Gunkel (Frankfurt both Employment); Maciej Szykut, Joanna Kaleta both Corporate/M&A; Antoni Roszkowski Public Law all based in Warsaw; Simon König and Hasan Kaya both Real Estate both based in Frankfurt as well as associates Johann von Pachelbel Hamburg Jan Spierzak both Corporate/M&A Pawel Grzesik Public Law both Warsaw Pascal Yves Schröder Data Protection Katharina Jünemann IP/IT both Düsseldorf Janina Müller Public Law Paul Gerlach Franziska Tischler all Frankfurt Katarzyna Fus-Starzec Warsaw all Real Estate Law Viktoria Brauneck Tax Munich.
