Blackstone Infrastructure Partners Announces Growth-Oriented Investment in Carrix, One of the World’s Largest Marine Termin...
March 10 2019 - 9:20AM
Business Wire
Blackstone (NYSE:BX) today announced that funds affiliated with
Blackstone Infrastructure Partners (BIP), have made a
growth-oriented investment in Carrix, the largest marine terminal
operator in the U.S. and in the Americas. Terms of the transaction
were not disclosed.
Carrix is the parent company of SSA Marine and its related
affiliates with combined operations at over 250 port and rail
locations worldwide, including 16 container terminals in Long
Beach, Oakland, Seattle and Tacoma, Panama, Mexico, Chile, Colombia
and Vietnam.
“We are pleased that BIP has invested in Carrix and will be
working with us to continue our on-going growth and development,”
said Jon Hemingway, Chairman of Carrix. “Along with its affiliates,
BIP brings an amazing network of highly skilled and experienced
people, global relationships, expertise in a diverse array of
businesses, and myriad capabilities to apply. When combined with
our experience in the port industry and infrastructure development,
we have substantially broadened what our shareholders and directors
can do to support Carrix and its management team.”
“Since its founding in 1949, the Carrix team has built the
leading ports business in the Americas, with a strong track record
of growth and innovation,” said Sean Klimczak, Global Head of
Infrastructure at Blackstone. “We are excited to partner with the
two existing shareholder families to support the expansion of
Carrix. This platform investment fits well with our strategy of
developing partnerships with industry leaders behind whom we can
continue to invest additional capital for decades to come.”
The transaction is expected to close by the end of April.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies in which we invest, and the communities in
which we work. We do this by using extraordinary people and
flexible capital to help companies grow. Our asset management
businesses, with $472 billion in assets under management, include
investment vehicles focused on infrastructure, private equity, real
estate, public debt and equity, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on twitter @Blackstone.
About Carrix
Carrix is the world’s largest independent, privately-held marine
terminal operator, with activities at more than 250 terminal
facilities and rail operations throughout geographies in the U.S.,
Canada, Mexico, Central America, South America, Asia, New Zealand
and South Africa. Since its founding in 1949, Carrix has continued
to grow, always focusing on its customers’ interests. Recently, a
subsidiary of Carrix completed a major expansion of its Oakland
International Container Terminal, providing a 284 acre facility
with 5 continuous berths and will include 10 Post-Panamax container
cranes ready to handle the largest vessels calling at the port.
Other affiliates of Carrix are working on significant expansion
projects in several geographies, including the recently announced
Blount Island Marine Terminal in Jacksonville.
Carrix is also the parent company of other businesses that
provide marine and rail terminal management.
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version on businesswire.com: https://www.businesswire.com/news/home/20190310005033/en/
BlackstonePaula
Chirhart212-583-5011Paula.chirhart@blackstone.comSSA MarineBob
Watters (206) 654-3575Bob.Watters@ssamarine.com
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