Martin Midstream Partners LP will sell its 900,000 barrel Corpus Christi crude terminal for $107 million gross consideration through an agreement with NuStar Logistics LP.

There will also be reimbursement of certain capex and prepaid items, Martin Midstream said Oct. 20.

The terminal in Corpus Christi, Texas, and its refined product barge terminal, certain pipelines and related easements, and dockage and transloading assets will be sold.

Martin Midstream expects net proceeds of about $93 million after transaction fees and expenses, in addition to certain cash payments previously received in conjunction with mandated relocation of certain dockage assets.

The transaction is subject to customary closing conditions including antitrust approval, and is scheduled to close before year-end 2016.

Simmons & Co. International was the company’s exclusive financial adviser.

Ruben Martin, president and CEO, said that the divested assets are not critical to the company’s future success.

Martin Midstream Partners LP is based in Kilgore, Texas.