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
- Industry
- Logistics & Distribution
- Location
- Texas, United States
- Transaction Type
- Divestiture
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