Enstructure Acquires Patriot Ports to Expand its US Southeast Terminal Network
06.21.2021 By Ricardo Perez - NEWS

June 21, 2021 [Splash247] – Enstructure, a US terminal and logistics company, has entered into a definitive agreement to acquire Patriot Port Holdings, the ports division of Patriot Rail & Ports.

 

Patriot Ports operates six terminals in Jacksonville, Savannah, Mobile and Sunny Point, with approximately 1.2m square feet of industrial warehouse capacity, including 10.2m cubic feet of cold storage. The company also operates 13 regional and freight short line railroads with over 600 rail miles across the country. It provides rail-related services, including railcar repair and maintenance, contract switching, transloading and railcar storage.

As part of the transaction, Enstructure will also acquire Patriot Ports’ subsidiaries, Portus Holdings LLC and Seaonus Holdings LLC along with their subsidiaries.

Following the acquisition, Enstructure will operate 12 terminals along the East Coast and inland river system with more than 600 employees and approximately 3.2m square feet of industrial warehouse capacity, including 19.2m cubic feet of cold storage.

“Over 150 Patriot Ports employees, including all operating personnel and management, will remain in place following the acquisition,” said John Fenton, CEO of Patriot Ports. “This transaction will allow Patriot to focus on growth in our core rail business moving forward.”

The deal is expected to close in early July.

Click Here to Access Today a 6,750 Tank Terminal Database With a Pro Trial

6,750 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More