FTAI Buys M-U, Gulf Coast Frac Sand Transloading Operator for $45M

We love a good railroad story, and at its core, that's what this story is. Investment firm FTAI Infrastructure has completed its acquisition of Tidewater Logistics, a barge-and-rail transloading company operating in Ohio, West Virginia, and Texas, for about $45 million in cash. Tidewater serves producers, shippers and industrial customers in Appalachian Basin and Gulf Coast shale and energy markets, making it complementary to FTAI’s Wheeling & Lake Erie Railway. Tidewater's facilities include frac sand transloading in Steubenville, OH; Fairmont, WV; and Allenport, PA.

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