Marine terminal operator Carrix has agreed to purchase Ceres Terminals from Macquarie Asset Management.
Ceres operates in 18 locations throughout North America, including California, Houston, Montreal, Vancouver, British Columbia, and throughout the US Atlantic and Gulf Coast regions.
Over the last eight years, Ceres has expanded its operations to include terminal concessions that provide on-dock logistics services for shipping containers, roll-on roll-off cargo, breakbulk cargo, and cruise passengers.
Carrix did not reveal the financial terms of the transaction and the closing of the buy remains subject to the approval of relevant regulatory authorities.
The company did state, however, that the Ceres terminals in Jacksonville will not be part of this transaction and will remain owned by Macquarie.
Ceres Terminals will become a part of Carrix’s subsidiary, SSA Marine, which operates at over 250 port and rail locations worldwide, including 18 container terminals in Long Beach, Oakland, Seattle, Tacoma, Jacksonville, Panama, Mexico, Chile, Colombia, and Vietnam. It also operates cruise, auto, and other conventional terminals throughout the US and Canada.
“We are excited to expand SSA Marine’s footprint further into the rapidly growing Atlantic and Gulf Coast regions of the United States. Ceres has built an attractive portfolio of container, cruise, and general cargo operations and customer relationships which will enable us to serve our combined customers in more locations with more services,” said Uffe Ostergaard, president and CEO of Carrix.
This is the second recent sale by Macquarie Asset Management as it sold stakes in eight UK offshore wind farms to Equitix in April.
