Announced
Financials
Tags
Majority
breakbulk
Single Bidder
Private Equity
Acquisition
Domestic
United States
Pending
Friendly
Marine Transportation
Private
Synopsis
Enstructure, a terminal and logistics company, agreed to acquire Patriot Ports, an integrated ports logistics provider. Financial terms were not disclosed. "Enstructure's expertise in terminal and cold storage operations made the company a natural fit. Over 150 Patriot Ports employees, including all operating personnel and management will remain in place following the acquisition. We are confident that Enstructure’s best-in-class service will ensure a seamless transition for Patriot Ports’ customers and employees. This transaction will allow Patriot to focus on growth in our core rail business moving forward," John E. Fenton, Patriot Ports CEO.
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