Northleaf Capital Partners (Northleaf) has announced that the funds managed by Northleaf have acquired a 90% stake in Douglas Terminals of Hartree Partners (UK) Limited (Hartree) and Ghent Transport & Storage NV (GTS).

Douglas Terminals is a 557,000 cubic meter bulk liquid storage terminal based in the Port of Ghent (Belgium). The installation consists of 17 high-quality tanks that are currently used for the storage of aviation, diesel, diesel and biodiesel fuel. Hartree and GTS began commercial operations in the terminal in 2017.

GTS will retain a 10% stake and continue to operate the terminal under a management services agreement.