Transportation Infrastructure Partners completed the acquisition of Carolina Marine Terminal.

Transportation Infrastructure Partners, a joint venture between Ridgewood Infrastructure and Savage focused on acquiring and operating critical transportation and logistics infrastructure, completed the acquisition of Carolina Marine Terminal, a multi-modal marine dry good bulk port facility in Wilmington, NC. Financial terms were not disclosed. "We're thrilled to have Transportation Infrastructure Partners as the new owner of CMT. We're delighted that our customers and employees will be working with a group of the caliber of Savage and Ridgewood. We're excited to watch them build upon our success and take CMT to the next level," Mike McCarley and Kevin Walker, CMT Founders.