FTAI Infrastructure Announces Acquisition of Tidewater Logistics
FTAI Infrastructure acquired AP Shale Logistics ManagementCo LLC (doing business as Tidewater Logistics) for approximately $45 million in cash. The transloading platform is expected to generate $9 million of Adjusted EBITDA over the next twelve months, with additional upside from integration with FIP's Wheeling & Lake Erie Railway.
Key figures
- Deal Value Usd
- 45000000
- Expected ebitda ntm
- 9000000
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