Ridgewood Infrastructure / Savage JV Acquires Carolina Marine Terminal

Cando Rail & Terminals to Acquire Savage Rail

February 23, 2026

Transportation

Cando Rail & Terminals signed a definitive agreement to acquire Savage Rail from Savage Enterprises LLC. The deal expands Cando’s North American first- and last-mile rail operating and terminal infrastructure footprint, while repositioning Savage to focus on its other food and fuel-related businesses. The transaction was expected to close in the second quarter of 2026, and later sources confirm it completed on May 1, 2026.

Ridgewood Infrastructure Acquires Valley Cold Storage & Transportation

December 6, 2024

Logistics & Distribution

Ridgewood Infrastructure has acquired Valley Cold Storage & Transportation, a New Mexico–based provider of temperature-controlled storage and logistics services, to support the company’s continued expansion into existing and new markets. Citizens served as exclusive financial advisor to Ridgewood and Kirkland & Ellis represented Ridgewood on the transaction.

Ridgewood Infrastructure Acquires Waste Resources Management (WRM)

January 9, 2024

Environmental Services

Ridgewood Infrastructure LLC has acquired Waste Resources Management (WRM), a Houston-based provider of liquids and wastewater collection, treatment and disposal services that operates 13 treatment facilities across the U.S. Ridgewood said the acquisition expands its water-sector platform and will support WRM’s growth and service offering enhancements as the firm scales the business.

Transportation Infrastructure Partners (Ridgewood Infrastructure & Savage) Acquires The Dupuy Group

May 1, 2023

Logistics & Distribution

Transportation Infrastructure Partners, a joint venture between Ridgewood Infrastructure and Savage, has acquired The Dupuy Group, a near‑port logistics and intermodal infrastructure provider serving major U.S. ports. The acquisition expands the JV's U.S. port and terminal footprint (complementing prior purchases of Carolina Marine Terminal and Nassau Terminals), and is intended to enhance service capabilities and realize synergies across the partners' port and terminal network.

Transportation Infrastructure Partners (Ridgewood & Savage) Acquires Worldwide Terminals Fernandina

July 1, 2022

Transportation

Transportation Infrastructure Partners (a joint venture between Ridgewood Infrastructure and Savage) acquired Worldwide Terminals Fernandina, LLC, the operator of the Port of Fernandina in Florida. The acquisition expands TIP’s portfolio of U.S. port and terminal infrastructure and positions Savage to operate the terminal as part of its broader network of ports and terminals.

Turning Rock Partners Invests $20M in United Infrastructure Holdings and Carolina Marine Structures

June 15, 2022

Infrastructure

Turning Rock Partners completed a $20 million structured capital investment to refinance United Infrastructure Holdings (UIH) and its marine services platform, Carolina Marine Structures (CMS). The financing supports CMS's growth, regional expansion and enables UIH to pursue an aggressive acquisition program.