Institutional Investors Advised by J.P. Morgan Asset Management Acquire Contanda from EQT Infrastructure

December 18, 2019

EQT Infrastructure II has completed the sale of Contanda LLC, a Houston-based provider of liquid bulk storage and logistics services, to institutional investors advised by J.P. Morgan Asset Management. Contanda operates 15 terminals in North America with over seven million barrels of capacity and ~275 employees; the sale represents a PE exit after a period of growth and capacity expansion under EQT's ownership.

Buyers
Institutional investors advised by J.P. Morgan Asset Management, J.P. Morgan Asset Management (advisor)
Targets
Contanda LLC
Sellers
EQT Infrastructure, EQT Infrastructure II fund
Location
Texas, United States
Transaction Type
Divestiture

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