Lincoln

What Lincoln does

Lincoln Energy Solutions (legal entity Lincoln Terminal Company, Inc.) is a privately-held petroleum and biofuel marketing and logistics company headquartered in Greenville, South Carolina. Founded around 1985, the company serves commercial fuel buyers, biofuel marketers, and distributors across the Southeast and Mid-Atlantic United States, with operations extending from Maryland through Georgia and Tennessee and into Ohio and Kentucky. Lincoln operates an integrated infrastructure network that includes owned terminals in Charlotte, NC (130,000 bbl capacity), Chattanooga, TN, and Fredericksburg, VA; a 45-acre, 90-car unit-train rail facility under construction in Chattahoochee, west Atlanta, on Norfolk Southern; 27 biodiesel blending sites and 5 biodiesel transload sites; and a dedicated tanker fleet operated through Team Logistics.

The company's product slate spans ethanol (ASTM D4806), biodiesel (ASTM D6751), ULSD, gasoline, and butane, sold via bulk terminal delivery, transloading, automated blending, and consultative fuel advisory services. Underlying technology is industrial automation rather than software: automated biodiesel and ethanol blending skids, advanced metering systems that produce immediate bills of lading, heat-traced blending for temperature-sensitive product, and electronic data communication for inventory reporting. There is no disclosed AI/ML layer.

The business model is sales-led B2B with consultative enterprise field sales. Revenue is transactional across five streams: petroleum product marketing, biofuels sales, terminal services, transportation and trucking, and blending services. Pricing is quote-based, tailored to customer requirements, and not publicly disclosed. Combined-company 2016 sales were projected to exceed $1 billion. The company is independently owned with no disclosed institutional investors, parent, or subsidiaries, and is led by CEO Larry G. Burgamy Jr. (ex-Kinder Morgan) and President and COO Josh R. Henderson (ex-Murphy USA).

Name

Lincoln

Legal name

Lincoln Terminal Company, Inc.

Website

https://lincolnenergysolutions.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

Lincoln Energy Solutions is a privately-held petroleum and biofuel marketing and logistics company serving commercial and industrial buyers across the Southeast and Mid-Atlantic United States through an owned terminal network, automated blending, dedicated trucking, and rail-based unit-train delivery.

Ownership category

akta.pro rank

Product category

Petroleum and Biofuel Distribution

NAICS

Petroleum Bulk Stations and Terminals (42471)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Refined Products Pipeline Terminals & Breakout Storage Operations (TLAGABAJ)

akta.pro secondary industry

Unbranded/Spot Fuels Distribution (Rack Sales) (EUALAIAC)

Keywords

• Biofuel distribution
• Ethanol marketing
• Biodiesel sales
• Petroleum logistics
• Terminal services

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Petroleum Products Marketing: Sales and distribution of petroleum products including gasoline, diesel, and ULSD (Ultra Low Sulfur Diesel) through terminal network
2. Biofuels Sales: Ethanol and biodiesel sales and distribution. Ethanol meets ASTM D4806 standards, biodiesel meets ASTM D6751 standards. Includes bulk terminal delivery and transloading services
3. Terminal Services: Terminal throughput and storage solutions for gasoline, diesel, biodiesel and ethanol products. Includes loading facilities focused on driver efficiency and inventory management
4. Transportation and Trucking: Dedicated tanker fleet providing cost-effective transportation for customer fuel delivery needs. Part of turnkey service offering
5. Blending Services: Value-added blending services for biofuels and petroleum products at terminal locations

Go-to-market motion2 records

Distribution channels4 records

Marketing channels2 records

Core offering

Lincoln (Lincoln Terminal Company, Inc., dba Lincoln Energy Solutions) markets and distributes petroleum products and biofuels — including ethanol, biodiesel, and ULSD — through a regional network of terminals across the Southeast and Mid-Atlantic United States. The company provides turnkey services spanning bulk terminal delivery, transloading, automated biodiesel and ethanol blending, and dedicated tanker fleet transportation. Customers include commercial fuel buyers, fleet operators, and biofuel marketers sourcing certified fuels meeting ASTM D4806 and ASTM D6751 standards.

Product overview

Lincoln Energy Solutions is a petroleum and alternative fuel company providing a comprehensive suite of fuel solutions across the Southeast and Mid-Atlantic regions. The company operates a multi-facility terminal network including terminals in Charlotte, NC, Chattanooga, TN, Fredericksburg, VA, and an Atlanta rail facility under construction. Core offerings include fuel solutions (ethanol, biodiesel, ULSD), terminal services with automated blending capabilities, transportation and trucking services via a dedicated fleet, transloading, and consultative solutions. The company markets and trades biofuels through company and third-party facilities, with a distribution network spanning from Maryland to Georgia and Tennessee, expanding into Ohio and Kentucky.

Differentiator

Problem solved

Functional benefit

Products and services

• Fuel Solutions
• Terminal Services
• Transportation and Trucking
• Blending Services
• Transloading
• Consultative Fuel Solutions
• Bulk Terminal Delivery
• Unit Train Distribution

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Eco Terminal (former Crown)coreStrategic or Co-development Partner · 1 January 2016Lincoln acquired the Eco terminal (former Crown) in Charlotte, N.C., expanding its terminal network to four locations. The terminal has 130,000 bbl capacity serving gasoline, ULSD, ethanol and biodiesel. Eco had maintained the terminal well during ownership, and Lincoln is completing further improvements including truck staging, enhanced loading efficiencies, and additional product services.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Mansfield Energy: Large North American fuel marketer and distributor specializing in diesel, gasoline, biofuels, and lubricants delivered via dedicated fleet and owned terminals. Highly comparable operating model to Lincoln's marketing-plus-logistics platform.
• CHS Inc. US farmer-owned cooperative with significant energy marketing, refined fuel distribution, and biofuel terminal assets. Comparable in wholesale fuel distribution, ethanol/biodiesel marketing, and rural/regional terminal network footprint.
• World Fuel Services: Global fuel marketing and logistics company selling aviation, marine, and land transportation fuels. Comparable in B2B fuel marketing scale, multi-product offering, and integrated supply/trading capabilities, though with broader geographic reach.
• Apex Oil Company: Privately-held US petroleum marketing, trading, and terminal company with regional terminal footprint. Comparable as a privately-held, multi-product fuel marketer with terminal and transloading capabilities.
• CrossAmerica Partners: Wholesale fuel distributor and convenience store operator with terminal and logistics assets serving the Eastern US. Comparable in wholesale fuel distribution to retail and commercial customers with terminal-based supply model.
• Global Partners: Northeast US-based fuel distribution and terminal operator with similar mix of wholesale petroleum, biofuels, and terminal services. Closest direct comp on business model — multi-product terminal throughput, blending, and dedicated logistics for commercial customers.

Broad incumbents

• PBF Energy: Independent refiner with integrated logistics and terminal assets supplying petroleum products and biofuels. Overlaps with Lincoln at the refined products and renewable feedstocks interface, though much larger and upstream-integrated.
• Targa Resources: Midstream energy company with significant Gulf Coast and US terminal/logistics infrastructure. Comparable in terminal operations, refined products logistics, and blending infrastructure, though broader in NGL and natural gas processing.
• Kinder Morgan: Largest US midstream operator with extensive terminal and pipeline networks, including the Southeast terminal network previously managed by Lincoln's CEO. Major incumbent competitor in the same regional terminal market.
• Murphy USA: Large US retail fuel and convenience operator with wholesale fuel marketing arm. Lincoln's President/COO Josh Henderson came from Murphy USA's fuels marketing function, indicating operating-model adjacency even though Murphy is much larger and retail-led.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lincoln