The Blackstone Group LP

03/11/2019 | Press release | Distributed by Public on 03/11/2019 07:11

Blackstone Infrastructure Partners Announces Growth-Oriented Investment in Carrix, One of the World’s Largest Marine Terminal Operators

About Blackstone

Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies grow. Our asset management businesses, with $472 billion in assets under management, include investment vehicles focused on infrastructure, private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at Follow Blackstone on twitter @Blackstone.

About Carrix

Carrix is the world's largest independent, privately-held marine terminal operator, with activities at more than 250 terminal facilities and rail operations throughout geographies in the U.S., Canada, Mexico, Central America, South America, Asia, New Zealand and South Africa. Since its founding in 1949, Carrix has continued to grow, always focusing on its customers' interests. Recently, a subsidiary of Carrix completed a major expansion of its Oakland International Container Terminal, providing a 284 acre facility with 5 continuous berths and will include 10 Post-Panamax container cranes ready to handle the largest vessels calling at the port. Other affiliates of Carrix are working on significant expansion projects in several geographies, including the recently announced Blount Island Marine Terminal in Jacksonville. Carrix is also the parent company of other businesses that provide marine and rail terminal management.