Blackstone Invests in Terminal Operator Carrix

U.S. investment firm Blackstone Group LP said on Sunday that funds affiliated with Blackstone Infrastructure Partners invested in Carrix Inc, the largest marine terminal operator in the United States and the Americas.

The company did not disclose the terms of the transaction.

Carrix is the parent of SSA Marine and its related affiliates with operations at over 250 port and rail locations worldwide, including 16 container terminals in Long Beach and Oakland in California, Seattle and Tacoma in Washington, Panama, Mexico, Chile, Colombia and Vietnam.

Blackstone said it expects the transaction to close by the end of April. (Reporting by Scott DiSavino