Macquarie Group, Ltd.MQBKY has inked a pact with Carrix, a marine terminal operator in the U.S. and the Americas, to divest Ceres Terminals Holdings LLC.
The deal has been conducted by Macquarie Infrastructure Partners III an unlisted infrastructure fund managed by Macquarie Group.
MIP III first invested 49% of Ceres in 2015 and acquired 100% of the Company in 2019.
The deal value could be north of $900 million, Reuters reported citing a source familiar with the matter.
Ceres Terminals Jacksonville and the Intermodal Container Transfer Facility in Jacksonville will not be part of this transaction.
“We are proud to have partnered with the Ceres team to enhance the scale, quality and safety performance of the Company’s premier portfolio of port terminal logistics and concession assets,” said Karl Kuchel, CEO of Macquarie Infrastructure Partners.
“Our successful partnership with Ceres is consistent with Macquarie Asset Management’s broader approach to invest in and improve marine terminal infrastructure across the Americas,” Kuchel added.
Price Action: MQBKY shares closed lower by 1.31% at $115.70 on Wednesday.
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