DPH Acquires Liberty Terminals

By Joseph R. Fonseca
Wednesday, May 11, 2016

Diversified Port Holdings (“DPH”) announces the acquisition of Liberty Terminals based in Savannah, Georgia with additional operations in Charleston, South Carolina. Liberty Terminals will operate as Seaonus Stevedoring-Savannah LLC. The acquisition aligns Liberty and Seaonus’s vision, values, mission, and core competencies, enhancing the company’s future growth across a greater geographical market.

Liberty Terminals operates on the oldest continuous maritime facility on the east coast. In 2008 the berth was refurbished with a $14 million dollar investment, creating a dynamic breakbulk facility with a 1300 ft. linear deep-water berth and a 100 ft. apron. Liberty Terminals is an experienced breakbulk and bulk stevedore, occupying 24 acres on a private terminal in
Savannah for the past 20 years. The facility includes a 144,000 sqft. warehouse and off dock laydown areas serviced by CSX Rail.

In addition to Savannah, Liberty’s Charleston facility occupies 750 ft. of berth space at Pier Juliet with a 34 ft. draft. Open and covered storage is also available. Rail is serviced by CSX and Norfolk Southern.

During the month of May, DPH’s executive group will begin to meet with customers, business partners, and stakeholders to facilitate a smooth transition. “We are excited to work with the current staff. Liberty’s customers will continue to receive the same high-quality service and dependability to which they are accustomed, but begin enjoying the depth and experience of the
entire DPH team.” said James Dillman, DPH CEO.

 

Categories: Bulk Carriers Ports Finance People History Mergers & Acquisitions

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