CPP Investors Acquires Ports America in Totality
Ports America Completely Acquired by Canadian Investors
After being a minority investor since 2014, Canadian Pension Plan Investment Board (CPP Investments) has announced that its finalized an agreement of complete control of Ports America by acquiring funds that were managed by Oaktree Capital Management LP (Oaktree).
Ports America is the largest marine terminal operator in North America and although an announcement wasn’t specified of how much the deal was worth, estimates are that Ports America is over $4 billion.
Scott Lawrence of CPP Investments stated, “Ports America represents the opportunity to continue to invest in a high-quality operator that plays an important role in global trade, making the company a good fit for our long-term infrastructure investment strategy.”
