Sold to Sycamore Energy
Baltimore, Maryland– May 15, 2012: 321 Capital Partners, LLC (321 Capital Partners) an-nounced today that it has successfully assisted its client, Northfield Bank, the secured creditor, in selling the rights to take ownership of the Rockaway, NJ Fuel Oil Terminal (formerly known as the Able Energy Terminal) toSycamore Energy. 321 Capital Partner’s Advisory Services Plat-form acted as consultants on the transaction. The financial details of this transaction are not pub-licly disclosed.
Northfield Bank, headquartered in Woodbridge, NJ, is a full-service banking institution offering financial services for personal and commercial banking, retirement planning, wealth management, and much more. Founded in 1887 with assets of $400,000, Northfield has recently reported total assets of $2.0 billion and now operates 24 locations in Staten Island, Brooklyn and New Jersey. Northfield Bank maintains its reputation for strength and stability similar to larger national banks, while remaining close to its roots and giving back to the local communities it has proudly served for 125 years.
– Kevin McCloskey, Northfield Bank