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IMTT has a dominant market position in the New York Harbor ("NYH") and lower Mississippi River, which are two key port areas in the United States. The Company enjoys approximately a one-third market share for bulk liquid storage in the NYH (the largest terminal), and has approximately two-thirds market share on the lower Mississippi River with the St. Rose, Gretna and Avondale, Louisiana facilities. IMTT continues to make strategic investments to increase market share and gain operational advantages versus competitors.
The company generates revenues from diverse sources in terms of geography, stored products and customers. IMTT serves the petroleum, chemical, consumer products, utilities and commodity industries.
There are no true substitutions for the bulk liquid storage industry, which is a key link in the supply chain for bulk liquid products. World economies would be disrupted without bulk liquid storage facilities that are required for accumulating and distributing the products stored.
The senior management team has on average 35 years of industry experience and 29 years with IMTT.
IMTT was established by James J. Coleman, Sr. in 1939 with one terminal in Louisiana, and the Coleman Family has been growing the enterprise over the past 70 years. For a period of time, (1975 – 1999), the business was operated in partnership with Van Ommeren (now Vopak). On January 1, 2000 the Coleman family acquired Van Ommeren's ownership interest and became the 100% owner of IMTT. In May 2006, Macquarie Infrastructure Company (MIC) acquired a 50% interest in IMTT.