Enstructure to Acquire Patriot Ports

June 22, 2021

(Photo: Enstructure)
(Photo: Enstructure)

U.S. terminal and logistics company Enstructure announced it has entered into a definitive agreement to acquire Patriot Port Holdings LLC.  

Patriot Ports, the ports division of Patriot Rail & Ports and a sister company of Patriot Rail Company LLC, works in breakbulk, specialty cargo and cold storage, operating six terminals in Jacksonville, Fla.; Savannah, Ga.; Mobile, Ala.; and Sunny Point, N.C. with approximately 1.2 million square feet of industrial warehouse capacity, including 10.2 million cubic feet of cold storage.

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

Matthew Satnick and Philippe De Montigny, Co-CEOs of Enstructure, said, "The combination will significantly enhance our leading East Coast and Inland River System terminal network serving bulk, breakbulk and cold storage customers. Patriot Ports further expands our terminal network into high growth markets and broadens our ability to provide best-in-class service to our customers."

"Enstructure's expertise in terminal and cold storage operations made the company a natural fit,” said John E. Fenton, CEO of Patriot Ports, "Over 150 Patriot Ports employees, including all operating personnel and management will remain in place following the acquisition."

Closing is expected in early July and as part of the transaction, Patriot Ports' subsidiaries, Portus Holdings LLC and Seaonus Holdings LLC along with their subsidiaries, will be acquired by Enstructure.

Logistics News

There’s a Master on the Run

There’s a Master on the Run

Maersk: Effective US Tariffs Average Around 21% Currently

Maersk: Effective US Tariffs Average Around 21% Currently

US Grain Shipments Surge 9% in face of Chinese Tariffs

US Grain Shipments Surge 9% in face of Chinese Tariffs

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

Subscribe for Maritime Logistics Professional E‑News

India's Travel Food Services to IPO $233.5 Million; aims for $1.69 Billion valuation
KLM offers wage proposals following threats of strike by ground crew
INDIA RUPEE-Rupee dips alongside Asian peers; tariff deadline, Fed cut path in focus