Carrix acquiring Cere Terminals from Macquarie Asset Management

The Ceres Terminals business is owned by Macquarie Infrastructure Partners III, a fund managed by Macquarie Asset Management and financial terms of the transaction with Carrix were not disclosed.

Ceres was operates in 18 locations throughout North America, including California, Houston, Montreal, Vancouver, B.C. and throughout the US Atlantic and Gulf coast regions.

“We are excited to expand SSA Marine’s footprint further into the rapidly growing Atlantic and Gulf Coast regions of the United States,” said Uffe Ostergaard, President & CEO of Carrix. “Ceres has built an attractive portfolio of container, cruise, and general cargo operations and customer relationships which will enable us to serve our combined customers in more locations with more services.”

“I am incredibly proud of our employees and the culture we have all built of putting safety and our customers at the centre of everything we do,” said Craig Mygatt, Chief Executive Officer, Ceres Terminals. “We all look forward to the next chapter of growth with Carrix, a well-renowned terminal operator in North America, and we are confident that the combination will continue to serve our customers, employees and other stakeholders well.”

Carrix is the parent company of SSA Marine and its affiliates with combined operations at over 250 port and rail locations worldwide, including 18 container terminals in Long Beach, Oakland, Seattle, Tacoma, Jacksonville, Panama, Mexico, Chile, Colombia, and Vietnam. SSA Marine also operates cruise, auto and other conventional terminals throughout the United States and Canada.

Ceres Terminals Jacksonville (CTJ) will not be part of this transaction and will remain owned by Macquarie.

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