FTAI Infrastructure Announces Acquisition of Tidewater Logistics
Rhea-AI Summary
FTAI Infrastructure (NASDAQ:FIP) completed the acquisition of Tidewater Logistics, a barge and rail transloading company operating in Ohio, West Virginia, and Texas, for approximately $45 million in cash. The deal was funded by upsizing FIP’s existing term loan with current lenders.
Tidewater’s established transloading platform is described as highly complementary to FIP’s Wheeling & Lake Erie Railway, serving shale and energy markets in the Appalachian Basin and Gulf Coast. FIP expects Tidewater to generate about $9 million of Adjusted EBITDA in the next twelve months, with potential upside from customer growth, higher throughput, and integration with FIP’s broader rail platform.
Positive
- Completed acquisition of Tidewater Logistics for approximately $45 million cash
- Acquisition funded through upsizing of existing term loan with current lenders
- Tidewater expected to generate $9 million Adjusted EBITDA in next twelve months
- Tidewater platform described as highly complementary to Wheeling & Lake Erie Railway
- Exposure to key shale and energy markets in Appalachian Basin and Gulf Coast
- Management sees upside from expanded customers, higher throughput, and integration
Negative
- Upsizing of existing term loan implies higher debt to finance acquisition
- Cash consideration of about $45 million represents significant capital outlay
News Market Reaction – FIP
In the Jun 29 session, FIP declined 11.92%, reflecting a significant negative market reaction. Argus tracked a trough of -8.3% from its starting point during tracking. Our momentum scanner triggered 53 alerts that day, indicating high trading interest and price volatility. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Acquisition Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 06 | Rail acquisition deal | Neutral | -0.1% | Announced $1.05 billion cash acquisition of Wheeling & Lake Erie Railway Company. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Prior acquisition news for FIP prompted a very small share-price move, suggesting acquisitions have historically been treated as neutral events.
Key Terms
adjusted ebitda financial
term loan financial
transloading technical
barge technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ: FIP) (the “Company” or “FIP”) announced today that it has completed the acquisition of AP Shale Logistics ManagementCo LLC, doing business as Tidewater Logistics (“Tidewater”), a barge and rail transloading company with operations in Ohio, West Virginia, and Texas. The Company acquired Tidewater for a cash consideration of approximately
Tidewater Logistics is an established transloading platform, highly complementary with FIP’s Wheeling & Lake Erie Railway, serving producers, shippers, and industrial customers across key shale and energy markets in the Appalachian Basin and Gulf Coast region. FIP expects Tidewater to generate
“Tidewater Logistics is a natural fit for FIP’s growing infrastructure platform. Tidewater’s barge and rail transloading capabilities are highly complementary to our existing railroad assets, and we see meaningful opportunities to expand Tidewater’s customer base and throughput volumes across its network of strategically located facilities,” said Ken Nicholson, CEO of FIP. “We continue to pursue high-quality infrastructure businesses with defensible market positions, stable cash flows, and compelling growth prospects, and Tidewater checks each of those boxes.”
Calfee, Halter & Griswold LLP served as legal counsel to the Company in connection with the acquisition.
Additional Information
For additional information that management believes to be useful for investors, please refer to the presentation posted on the IR Resources section of the Company’s website, www.fipinc.com, and the Company’s recent Form 8-K, when available on the Company’s website. Nothing on the Company’s website is included or incorporated by reference herein.
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements. Words such as, but not limited to, “will,” “believes,” “expects,” “anticipates,” “plans,” “could,” “may,” “should,” and similar expressions are intended to identify forward-looking statements. All forward-looking statements rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those reflected in such statements. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to: (1) the Company’s ability to integrate Tidewater with its existing assets and operations and to realize anticipated growth and other benefits; (2) risks related to disruption of management’s attention from the ongoing business operations of the Company due to the acquisition; (3) loss of key employees or customers following the acquisition; and (4) estimated growth opportunities and operating efficiencies being materially different from actual results. Accordingly, FIP cautions that the forward-looking statements contained herein are qualified by these and other important factors and uncertainties that could cause results to differ materially from those reflected by such statements. For more information on additional potential risk factors, please review FIP’s filings with the SEC, including, but not limited to, FIP’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.
About FTAI Infrastructure Inc.
FTAI Infrastructure primarily invests in critical infrastructure with high barriers to entry across the rail, ports and terminals, and power and gas sectors that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI Infrastructure is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm.
Non-GAAP Metrics
Adjusted EBITDA is defined as net income (loss) attributable to stockholders, adjusted (a) to exclude the impact of provision for (benefit from) income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and capital lease obligations, changes in fair value of non-hedge derivative instruments, asset impairment charges, incentive allocations, depreciation and amortization expense, interest expense, interest and other costs on pension and other pension expense benefit liabilities, dividends and accretion of redeemable preferred stock, and other non-recurring items, (b) to include the impact of our pro-rata share of Adjusted EBITDA from unconsolidated entities, and (c) to exclude the impact of equity in earnings (losses) of unconsolidated entities and the non-controlling share of Adjusted EBITDA.
For further information, please contact:
Alan Andreini
Investor Relations
FTAI Infrastructure Inc.
(646) 734-9414
aandreini@ftaiaviation.com
