FTAI Infrastructure Inc. finalized its $45 million cash acquisition of Tidewater Logistics on June 29, 2026. The company funded the transaction by expanding its existing term loan.
Tidewater Logistics operates barge and rail transloading facilities across Ohio, West Virginia, and Texas. This acquisition strategically complements FTAI’s existing Wheeling & Lake Erie Railway operations.
The deal enhances service for industrial customers in the Appalachian Basin and Gulf Coast energy markets. FTAI expects Tidewater to generate $9 million in adjusted EBITDA over the next 12 months.