AcquisitionsJun 29, 2026, 06:31 AM
FTAI Infrastructure Acquires Tidewater Logistics for $45M
AI Summary
FTAI Infrastructure Inc. announced the completion of its acquisition of Tidewater Logistics, a barge and rail transloading company, for approximately $45 million in cash. The acquisition was funded by upsizing FIP's existing term loan. Tidewater Logistics is expected to contribute $9 million in Adjusted EBITDA over the next twelve months and is considered a natural fit that complements FIP's existing railroad assets, offering opportunities for expanded customer relationships and increased throughput volumes.
Key Highlights
- FTAI Infrastructure Inc. acquired AP Shale Logistics ManagementCo LLC (Tidewater Logistics).
- The acquisition was for a cash consideration of approximately $45 million.
- Funding was secured through an upsizing of FIP's existing term loan.
- Tidewater Logistics is expected to generate $9 million of Adjusted EBITDA in the next twelve months.
- Tidewater's operations are in Ohio, West Virginia, and Texas, serving key shale and energy markets.
- The acquisition is complementary to FIP's Wheeling & Lake Erie Railway.
Price Impact
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