Ridgewood Infrastructure / Savage JV Acquires Carolina Marine Terminal

June 1, 2020

Transportation Infrastructure Partners, a joint venture between Ridgewood Infrastructure and Savage, acquired Carolina Marine Terminal (CMT), a multi-modal dry bulk marine terminal in Wilmington, North Carolina. Savage will operate the terminal while the JV looks to expand and operate critical transportation and logistics infrastructure across the United States.

Buyers
Transportation Infrastructure Partners, Ridgewood Infrastructure, Savage
Targets
Carolina Marine Terminal, Inc.
Sellers
Mike McCarley, Kevin Walker
Location
North Carolina, United States
Transaction Type
Buyout

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