TransMontaigne Partners L.P. Announces Closing of Acquisition of Two West Coast Refined Product and Crude Oil Terminals from Plains All American Pipeline, L.P.

DENVER–(BUSINESS WIRE)–TransMontaigne Partners L.P. (NYSE:TLP) (the “Partnership” or “we”)
announced today that it has completed the previously announced
acquisition of the Martinez Terminal and Richmond Terminal from an
affiliate of Plains All American Pipeline, L.P. (the “West Coast
Acquisition”). As a result of the West Coast Acquisition, the
Partnership has expanded its storage and terminaling footprint into the
San Francisco Bay Area refining complex. Plains will continue to operate
the terminals on behalf of the Partnership until the Partnership
receives all permits and approvals necessary to operate the terminals,
which we expect to occur by the end of February 2018.

The Partnership funded the purchase price for the West Coast Acquisition
with borrowings under its revolving credit facility. In connection with
closing the West Coast Acquisition, the Partnership amended the
revolving credit facility to increase the lender commitments from $600
million to $850 million, and the lender commitments may be further
increased under certain conditions to $1.1 billion through an accordion
feature.

About TransMontaigne Partners L.P.

TransMontaigne Partners L.P. is a terminaling and transportation company
based in Denver, Colorado with operations in the United States along the
Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the
Mississippi and Ohio Rivers, and in the Southeast. We provide integrated
terminaling, storage, transportation and related services for customers
engaged in the distribution and marketing of light refined petroleum
products, heavy refined petroleum products, crude oil, chemicals,
fertilizers and other liquid products. Light refined products include
gasolines, diesel fuels, heating oil and jet fuels; heavy refined
products include residual fuel oils and asphalt. We do not purchase or
market products that we handle or transport. News and additional
information about TransMontaigne Partners L.P. is available the
Partnership’s website: www.transmontaignepartners.com.

Forward-Looking Statements

This press release includes statements that may constitute
forward-looking statements for federal securities laws. Although the
Partnership believes that the expectations reflected in such
forward-looking statements are based on reasonable assumptions, actual
results could differ materially from those projected in the
forward-looking statements as a result of certain risk factors,
including, the ability to obtain required permits and other approvals on
a timely basis. Additional important factors that could cause actual
results to differ materially from the Partnership’s expectations and may
adversely affect its business and results of operations are disclosed in
“Item 1A. Risk Factors” in the Partnership’s Annual Report on Form 10-K
for the year ended December 31, 2016, filed with the Securities and
Exchange Commission on March 14, 2017. The forward-looking statements
speak only as of the date made, and, other than as may be required by
securities law, the Partnership undertakes no obligation to update or
revise any forward looking statements, whether as a result of new
information, future events or otherwise.

Contacts

TransMontaigne Partners L.P.
Frederick W. Boutin,
303-626-8200
Chief Executive Officer
or
Robert T. Fuller,
303-626-8200
Chief Financial Officer