Ullico completed the acquisition of a majority stake in Tidewater from Upper Bay Infrastructure Partners.

Ullico, an insurance and financial services holding company, completed the acquisition of a majority stake in Tidewater, a provider of multi-commodity transportation and terminal services, from Upper Bay Infrastructure Partners, a private investment firm. Financial terms were not disclosed. “Tidewater benefits from geographical and regulatory dynamics, making it an essential transportation provider for multiple commodities in the Pacific Northwest region. This business delivers consistent performance and compelling transportation solutions to its customers. Since UIF’s initial investment, new avenues of growth have been identified and we are excited to partner with the management team to be a part of the continuing growth story at Tidewater,” Rohit Syal, Ullico Head of Acquisitions.