New York, NY – Blackstone (NYSE: BX) today announced that funds affiliated with Blackstone Infrastructure Partners (BIP), have made a growth-oriented investment in Carrix, the largest marine terminal operator in the U.S. and in the Americas. Terms of the transaction were not disclosed.
Carrix is the parent company of SSA Marine and its related affiliates with combined operations at over 250 port and rail locations worldwide, include 16 container terminals in Long Beach, Oakland, Seattle and Tacoma, Panama, Mexico, Chile, Colombia and Vietnam.
“We are pleased that BIP has invested in Carrix and will be working with us to continue our on-going growth and development,” said Jon Hemingway, Chairman of Carrix. “Along with its affiliates, BIP brings an amazing network of highly skilled and experienced people, global relationships, expertise in a diverse array of businesses, and myriad capabilities to apply. When combined with our experience in the port industry and infrastructure development, we have substantially broadened what our shareholders and directors can do to support Carrix and its management team.” “Since its founding in 1949, the Carrix team has built the leading ports business in the Americas, with a strong track record of growth and innovation,” said Sean Klimczak, Global Head of Infrastructure at Blackstone. “We are excited to partner with the two existing shareholder families to support the expansion of Carrix. This platform investment fits well with our strategy of developing partnerships with industry leaders behind whom we can continue to invest additional capital for decades to come.”
The transaction is expected to close by the end of April.
