Bruce Oakley Buys Cahokia Grain Terminal
Bruce Oakley Inc., a diverse commodity trading, distribution and transportation company headquartered in North Little Rock, Ark., announced December 23 that it has acquired the Cahokia, Ill.-based grain terminal of American Milling LP. The principals didn’t disclose terms, but according to the real estate website Reonomy, the selling price was $20 million.
Bruce Oakley said it plans to operate the facility, in partnership with Oakley St. Louis (formerly Lange-Stegmann), as the Oakley STL Grain Terminal.
The facility is located on the Mississippi River and has six truck dumps, two barge berths and two 60,000-bushels-per-hour conveyor belts, according to a press release.
Founded in 1968, Oakley has operations throughout North America where it transports and distributes various commodities. It has subsidiaries in barges, trucking, fertilizer, grain, terminals, river towing and more. The company is led by Dennis and Justin Oakley.