Announced

Blackstone invested in marine terminal operator Carrix.

Synopsis

Blackstone Infrastructure Partners invested in Carrix, the largest marine terminal operator in the US and in the Americas. 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. Terms of the transaction were not disclosed. “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.”

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