PSA International acquired Penn Terminals from Macquarie Infrastructure Partners.

PSA International has completed the acquisition of Penn Terminals, one of the best-equipped, privately owned multipurpose marine terminals on the Eastern Coast of the USA, from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets. Financial terms were not disclosed. “This acquisition represents PSA’s very first foray into the USA. We are delighted to embrace Penn as the newest member of the global PSA family and to be able to participate in its continued growth and expansion. We are committed to partnering the state of Pennsylvania, customers, staff and the local community, as well as key stakeholders, to augment Penn’s capabilities and connectivity in order to better serve the needs of shippers and receivers in the greater US Mid-Atlantic region and beyond,” Tan Chong Meng, Group CEO, PSA International.