Fortress Transportation and Infrastructure Investors (FTAI) Acquires Transtar, LLC from United States Steel

FTAI Infrastructure Acquires Tidewater Logistics for $45 Million

June 29, 2026

Transportation

FTAI Infrastructure Inc. (FTAI Infrastructure, NASDAQ: FIP) completed the acquisition of AP Shale Logistics ManagementCo LLC, doing business as Tidewater Logistics, for approximately $45 million in cash. The deal was funded through an upsizing of FIP’s existing term loan and expands FIP’s rail transloading network by adding Tidewater’s barge and rail transloading facilities in Ohio, West Virginia, and Texas.

PSC Group Acquires Bayport Rail Terminal LLC

January 9, 2024

Logistics & Distribution

PSC Group, a portfolio company of Aurora Capital Partners, has acquired Bayport Rail Terminal LLC (BRT), a 115-acre rail, truck and container terminal serving the chemical industry on the Bayport Loop and near the Port of Houston, from US Development Group. The acquisition expands PSC's last-mile logistics, railcar repair/cleaning and transloading capabilities in one of North America's largest chemical and plastics hubs.

Cleveland-Cliffs to Acquire Ferrous Processing and Trading Company (FPT)

October 11, 2021

Industrial Services

Cleveland-Cliffs Inc. has entered into a definitive agreement to acquire Ferrous Processing and Trading Company (FPT) and related entities for an enterprise value of approximately $775 million on a cash-free, debt-free basis. The deal is expected to close in the fourth quarter of 2021, subject to regulatory approval and customary closing conditions. The acquisition expands Cleveland-Cliffs’ access to prime ferrous scrap and supports its planned recycling/prime scrap strategy alongside its flat-rolled steel business.

Blue Point Capital Partners Acquires Transtar Holding Company

January 22, 2021

Automotive

Blue Point Capital Partners has acquired Cleveland-based Transtar Holding Company in a platform buyout, partnering with Transtar management and CEO Neil Sethi. The acquisition will accelerate Transtar's data-enabled, e-commerce-driven growth, improve supply chain efficiencies and position the company for strategic add-on acquisitions.

Stonepeak Infrastructure Partners Acquires TRAC Intermodal

February 18, 2020

Transportation

Stonepeak Infrastructure Partners has signed a binding agreement to acquire TRAC Intermodal from investment funds managed by an affiliate of Fortress Investment Group LLC. The purchase gives Stonepeak a leading intermodal infrastructure platform—TRAC will keep its existing management team and continue operating its nationwide chassis fleet and service businesses under the new sponsor.

RailUSA Acquires CSX's 430-Mile Florida Panhandle Rail Line (Florida Gulf & Atlantic Railroad)

June 3, 2019

Transportation

RailUSA acquired a 430-mile rail line and related real estate from CSX Corporation, creating the Florida Gulf & Atlantic Railroad (FGA) which runs from Baldwin to Pensacola, Florida. The line carries about 30,000 annual carloads, has 65 employees and 18 locomotives; terms were not disclosed. RailUSA is backed by Equity Group Investments and International Rail Partners.