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Metalmark invests in T. Parker Host

Having acquired the 254 acre (102 ha) Avondale Shipyard in New Orleans, USA in October, maritime services provider T. Parker Host has received strategic investment from private equity firm Metalmark Capital.

Host acquired a controlling interest in the Avondale Shipyard – a historic property located along the Mississippi River, with significant warehousing and storage capabilities – from Huntington Ingalls Industries via a partnership with Hilco Real Estate.

With five docks and over a mile of waterfront, Host plans to connect the site to six Class 1 railroads via the New Orleans Public Belt Railroad, through an agreement signed with the port of New Orleans in October.

Following the investment from Metalmark, Adam Anderson, ceo of Host, will remain the majority shareholder, while Andrew Capland and Kelsey Host will continue to be partners in the company.

Financial terms of the transaction were not disclosed.

www.tparkerhost.com

www.metalmarkcapital.com

www.portnola.com

Heavy Lift | News

Andreone joins PRPA board thumbnail image

Andreone joins PRPA board

June 11 - Rita Andreone has been appointed to the Prince Rupert Port Authority (PRPA) board of directors for a term of three years, effective June 2, 2019.
Views: 607
Broshuis wins EUR50 mn trailer order thumbnail image

Broshuis wins EUR50 mn trailer order

June 7 - US Army Tank-automotive and Armaments Command (TACOM), in collaboration with Oshkosh Defense, placed an order with Broshuis for 170 PL2 pendular axle semi-low loaders.
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Heavy Lift Across The World

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