Canadian pension buys port company stake from Oaktree

The Canada Pension Plan Investment Board in Toronto has agreed to become the 100% owner of Ports America from Oaktree Capital Management.

North America’s largest marine terminal operator, Ports America, has been a holding in CPP’s portfolio since 2014. As many eyes are on U.S. ports as supply chain concerns swirl going into the holiday shopping season, CPP said it will continue to support the business with long-term capital and continuity of ownership.

Ports America has diversified operations across the country and is deepening its focus on providing safe, secure and . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.

Get started

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!