Ridgewood Infrastructure and Savage-backed Transportation Infrastructure Partners completed the acquistion of Worldwide Terminals Fernandina.

Ridgewood Infrastructure and Savage-backed Transportation Infrastructure Partners, a critical transportation and logistics infrastructure acquirer, completed the acquistion of Worldwide Terminals Fernandina, the manager and operator for the Port of Fernandina, Florida. Financial terms were not disclosed. “Fernandina’s deep-water port, storage facilities, and access to major rail and highway routes form the backbone of an essential infrastructure business. Under Transportation Infrastructure Partners’ leadership, we see significant opportunities to expand and enhance Fernandina’s operations,” Ryan Stewart, Ridgewood Infrastructure Partner.