JACKSONVILLE, Fla., June 30, 2021 – Patriot announced today the transfer of Patriot Ports to Enstructure, a leading U.S terminal and logistics company. The transaction enables Patriot to support long-term strategic goals and concentrate exclusively on continuing to deliver operational excellence, safety performance, and value to the company’s rail customers.
“This transaction will allow Patriot to focus on growth in our core rail business moving forward,” said Patriot Rail CEO John E. Fenton. “Our outstanding team of rail professionals will continue to provide the best rail and rail services to our customers. Enstructure’s expertise in terminal and cold storage operations made the company a natural fit, and over 150 Patriot Ports employees, including all operating personnel and management, will remain in place with the sale.”
“We are thrilled to welcome Patriot Ports to the Enstructure family of companies,” said Matthew Satnick and Philippe De Montigny, Co-CEOs of Enstructure. “The combination will significantly enhance our leading East Coast and Inland River System terminal network serving bulk, breakbulk and cold storage customers. Patriot Ports further expands our terminal network into high growth markets and broadens our ability to provide best-in-class service to our customers.”
The sale includes six terminals in Jacksonville, FL, Savannah, GA, Mobile, AL, and Sunny Point, NC with approximately 1.2 million square feet of industrial warehouse capacity, including 10.2 million cubic feet of cold storage.
About Patriot Rail Company LLC
Patriot Rail operates 13 regional and freight short line railroads, a scenic rail excursion train, and rail- related services companies with over 600 total rail miles across the United States. Service capabilities include railcar storage, railcar repair and maintenance, railway clean-up and transfer, tank car cleaning and environmental services, contract switching, transloading, engineering services, excursion railroads, real estate, and track access.
Enstructure LLC is a logistics infrastructure company with corporate offices in Wellesley, Massachusetts and New York, New York. Enstructure owns and operates an integrated network of dry, liquid and breakbulk terminals and logistics assets on the East Coast and Inland River System of the United States. Founded in 2016, Enstructure’s mission is to acquire and grow established terminal and logistics companies that will benefit from the company’s resources and best practices, while maintaining an entrepreneurial spirit and local identity. Enstructure provides extensive services for some of the world’s largest companies within the energy, agriculture, food, manufacturing, construction and public safety sectors.