Transportation Infrastructure Partners Buys Operator of Port of Fernandina
Posted on 07/17/2022
Transportation Infrastructure Partners is a joint venture between New York-based Ridgewood Infrastructure, LLC and the Savage Companies. Transportation Infrastructure Partners acquired the Worldwide Terminals Fernandina, LLC (Fernandina), the manager and operator for the Port of Fernandina, Florida. The Port of Fernandina, northeast of Jacksonville, FL, is a strategic intermodal terminal handling essential bulk, breakbulk, and containerized cargo. The port provides mission-critical transport, logistics management, and product handling services to a diverse customer base. The transaction was revealed on July 14, 2022.
Ridgewood Infrastructure and Savage established Transportation Infrastructure Partners to jointly acquire and operate essential transportation and logistics infrastructure throughout the United States. Fernandina is Transportation Infrastructure Partners’ second acquisition, complementing the joint venture’s Carolina Marine Terminal operations in Wilmington, North Carolina.
Savage began in 1946 with the purchase of a single truck in American Fork, Utah.
Advisors
Law firm Kirkland & Ellis advised Transportation Infrastructure Partners.
