By Sohini Podder, David French September 30, 2021 (Photo: Ports America) Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest. 68% of employees would recommend working at Ports America to a friend and 66% have a positive outlook for the business. Publishing date: Sep 29, 2021 September 29, 2021 < 1 minute read Join the conversation . For additional information, please visit Oaktree's website at http://www.oaktreecapital.com. Canada Pension Plan Investment Board ("CPP Investments") today announced that it has entered into a definitive agreement to become the 100% owner of Ports America ("the Company"), North America's largest marine terminal operator, through the acquisition of an interest from funds managed by Oaktree Capital Management, L.P. ("Oaktree"). Oaktree Capital Management has sold its majority stake in Ports America, the largest terminal operator in North America, for an undisclosed price. Oaktree managing director and infrastructure investing strategy co-portfolio manager Emmett McCann said: "Ports America's growth, track record of innovation and strong financial profile have positioned the company for success in today's cargo management and terminal operations environment, and we fully expect the business will only . AD Under the terms of the deal, CPPIB, a minority investor in Ports America since 2014, will acquire full ownership in the company. "There . . In today's statement, Highstar . In today's statement, Highstar . Canada Pension Plan Investment Board said on Wednesday it has agreed to buy marine terminal operator Ports America from Oaktree Capital Management LP for an undisclosed sum. The deal is expected to close before the . September 30, 2021. Ports America is owned by Oaktree Capital, a leader in value-added infrastructure investing. The London-headquartered firm led a group of investors that provided capital to move Ports America - the sole remaining asset in Oaktree's $3.5 billion Highstar Capital Fund III - into a separate vehicle, according to a statement from Campbell Lutyens, which advised on the deal. The C$520bn (354bn) Canadian investor has agreed to buy the stake from funds managed by Oaktree in order to gain full ownership of Ports America. Under the terms of the deal, CPPIB, a minority investor in Ports America since 2014, will acquire full ownership in the company. CPP Investments has been a minor investor in Ports America for years and it will now continue to support . Canada pension fund to acquire Ports America from Oaktree Capital . Montgomery served as president and CEO of Ports America Chesapeake from 2010 to 2014. Gillian Tan Oaktree Capital is exploring the sale of Ports America in a transaction that could value the largest U.S. terminal operator and stevedore at as much as $6 billion, according to. Canada Pension Plan Investment Board Carl Bentzel Committee on Foreign Investment in the U.S. Janet Yellen Louis Sola Oaktree Capital Ports America U.S. Federal Maritime Commission U.S. Treasury Department John Gallagher Based in Washington, D.C., John specializes in regulation and legislation affecting all sectors of freight transportation. Fund # 805-9628846302: CIK # 0001759972: Sale: 2019-05-02 ($406.7 MM Sold) Fund: Private Equity Fund The proposed whole acquisition from CPP Investments through funds managed by Oaktree Capital Management L.P. was highlighted by the commissioners as an "all too familiar repetition" of US transportation and supply chain assets being . Watco's Transportation Services group is one of the largest short-line rail transportation service providers in the U.S. and Australia. The firm has over 1,000 employees and offices in 19 cities worldwide. . 2 min read By Sohini Podder and David French (Reuters) -Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of. Canada Pension Plan Investment Board. Canadian pension fund CPP Investments will acquire 100% ownership of Ports America from Oaktree Capital Management at a reported valuation of more than $4 billion. Today, Ports America is the largest terminal operator in North America, with diversified operations across the country, including 70 locations in 33 ports on each of the United States' three . terminal operator Ports America and the UK's London City Airport. Oaktree had been an investor in Ports America for 12. Their business is recorded as FOREIGN LIMITED PARTNERSHIP. Canada Pension Plan Investment Board (CPP Investments) has entered into a definitive agreement to become the 100 percent owner of Ports America, North America's largest marine terminal operator, through the acquisition of an interest from funds managed by Oaktree Capital Management. Ports America is the largest U.S. terminal operator and stevedore, with operations in every major port in the nation. terminal operator Ports America and the UK's London City Airport. REGULATORY DISCLOSURES Oaktree owns a majority stake in Ports America Holdings through Highstar Capital, which Oaktree acquired in 2014. Highstar Capital has tried to sell Ports America separately previously. Direct links to the EDGAR source material. Company Info DOS ID: 5392060. Contact Information Fund Manager Oaktree Capital Management Fund Manager Website CPP Investments has been an existing minority investor in Ports America since 2014. Ports America is North America's largest terminal operator, handling some 13.4 million TEU in 33 ports . OAKTREE PORTS AMERICA FUND GP, L.P. (DOS ID: 5392060) was incorporated on 08/13/2018 in New York. The price and terms of the acquisition were not disclosed. Contacts Ports America Jon. Oaktree acquired Ports America through purchase of Highstar. . Ports America Group today announced the appointment of Mark Montgomery as president and CEO. The fund targets to invest in infrastructure sector with transportation asset class. While no valuation was given in the announcement statement, the deal values Ports America at over $4 billion, according to two . The firm emphasizes an. All exhibitors . Oaktree is a leader among global investment managers specializing in alternative investments, with $156 billion in assets under management as of June 30, 2021. In July, Yildirim revealed plans to sell a 24 percent stake in French shipping major CMA CGM to fund the purchase of Ports America Holdings from Oaktree Capital Group - owner of Highstar Capital - with whom Yildirim has an exclusivity agreement valid until the end of July. Oaktree Ports America Fund is an infrastructure core fund managed by Oaktree Capital Management. "Ports America's growth, track record of innovation and strong financial profile have positioned the company for success in today's cargo management and terminal operations environment, and we fully expect the business will only benefit from this new ownership structure," said Emmett McCann, managing director and co-portfolio manager of Oaktree . Watco Companies, LLC Based in Pittsburg, Kansas, Watco Companies provides transportation, terminal and port, mechanical, and supply chain services for customers throughout North America and Australia. Financial details were undisclosed. The fund is located in Los Angeles, California and invests in America. (Reuters) -Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP. This rating has improved by 13% over the last 12 months. Mr. Visit website. Founded in 1921, Ports America has 70 locations in 33 ports across the country. Canadian Pension Plan Investment Board (CPP Investments) has acquired a 100% stake in Ports America through the acquisition of an interest from funds managed by Oaktree Capital Management LP (Oaktree). Sept 29 (Reuters) - Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from. CPP Investments has been an existing minority investor in Ports America since 2014 and will continue to . Author of the article: Reuters . Under the terms of the deal, CPPIB, a minority investor in Ports America since 2014, will acquire full ownership in the company. The company annually handles 13.4m teu, 10m tons of general cargo, 2.5m vehicles and 1.7m cruise ship passengers. New Jersey-based Ports America is North America's largest port terminal operator, with 70 locations in 33 ports across the country handling 13.4 million twenty-foot equivalent . Canada Pension Plan Investment Board (CPPIB) claimed on Wednesday it had actually accepted acquire Ports America, among the biggest aquatic incurable drivers in the United States, from investment company Oaktree Capital Management LP. Port Newark Container Terminal. Sept 29 (Reuters) - Canada Pension Plan Investment Board said on Wednesday it has agreed to buy marine terminal operator Ports America from Oaktree Capital Management LP for an undisclosed sum.. Alternative property supervisor Oaktree has actually regulated Ports America because 2014, when it obtained . OAKTREE PORTS AMERICA CAPITAL PARTNERS GP, L.P. OAKTREE PORTS AMERICA CAPITAL PARTNERS GP, L.P. (DOS ID: 6470907) was incorporated on 2022-04-28 in New York. Ports America is based in Jersey City, New Jersey. Ports America is the largest terminal operator and stevedore in the United States. Canada Pension Plan Investment Board (CPP. The deal, which had six total buyers, is nearly closed, one of the sources said. In South African townships oppressed because of unemployment, crime, drugs and violence, and where many of the population are suffering from HIV and Aids, this inspiring feature-length documentary. "Ports America's growth, track record of innovation and strong financial profile have positioned the company for success in today's cargo management and terminal operations environment, and we fully expect the business will only benefit from this new ownership structure," said Emmett McCann, managing director and co-portfolio manager of Oaktree . CPP, one of Canada's largest pension funds, also holds a 10% equity stake in Ports America. About Oaktree Oaktree is a leader among global investment managers specializing in alternative investments, with $156 billion in assets under management as of June 30, 2021. Oaktree Capital, the Los Angeles-headquartered alternative assets manager which has more than $86 billion under management, has entered a definitive agreement to acquire infrastructure fund manager Highstar Capital for an undisclosed sum. He has also served as a senior advisor and operating partner on Infrastructure Investment for Oaktree Capital Management. Ports America is proud to be the largest terminal operator and stevedore in the United States, operating in more than 33 ports and 70 locations. While no valuation was given in the announcement statement, the deal values Ports America at over $4 billion, according to two sources familiar with the matter. Canadian pension fund CPP Investments will acquire 100% ownership of Ports America from Oaktree Capital Management at a reported valuation of more than $4 billion. Sept 29 (Reuters) - Canada Pension Plan Investment Board said on Wednesday it has agreed to buy marine terminal operator Ports America from Oaktree Capital Management LP for an undisclosed sum. Ports America posted $1.3 billion of consolidated revenue in 2019, according to an October 2020 Moody's Investors Service report. Description. Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP. Public filings of Oaktree Ports America Fund LP raised by Oaktree Capital Management LP. The Company's current operating status is Active. Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP. Sept 29 (Reuters) - Canada Pension Plan Investment Board said on Wednesday it has agreed to buy marine terminal operator Ports America from Oaktree Capital Management for an undisclosed sum.. "This was a complex secondary transaction that proved to be a creative way to meet the varied objectives of Oaktree's investors, and represents another milestone in the evolution of the secondary market," said Gerald Cooper, Partner, Campbell Lutyens. Ports America Group is a privately held company and owned by funds managed by Oaktree (68.6%), CalSTRS, managed by UBS (21.9%) and Canada Pension Plan Investment Board (9.4%). Ports America is based in Jersey City, New Jersey. Oaktree Ports America Capital Partners is a buyout fund managed by Oaktree Capital Management. Oaktree's infrastructure arm inherited Ports America with the firm's 2014 purchase of Highstar Capital, which owned the business through a fund raised in 2007. Oaktree Capital, the Los Angeles-headquartered alternative asset manager which has more than $86 billion under management, has entered a definitive agreement to acquire infrastructure fund manager Highstar Capital for an undisclosed sum. canada pension plan investment board (cpp investments) entered into a definitive agreement to become the 100% owner of ports america, north america's largest marine terminal operator, through the acquisition of an interest from funds managed by oaktree capital management, l.p. cpp investments has been an existing minority investor in ports Transaction with Existing Investor Facilitates Continuity of Ownership and Underscores Strong Business Outlook TORONTO and JERSEY CITY, N.J., Sept. Ports America posted $1.3 billion of consolidated revenue in 2019, according to an October 2020 Moody's Investors Service report. Mark Montgomery has been named president and CEO of Ports America Group, Inc., succeeding Michael Hassing in that role. Montgomery was previously president and CEO of Ports America Chesapeake (PAC) from 2010 to 2014, and currently serves as a senior advisor and operating partner to the Infrastructure Investing strategy of Oaktree Capital Management, where he brings . . Article content. But Bloomberg reported that the deal, announced Wednesday, valued New Jersey-based Ports America . The fund is located in Los Angeles, California and will invest in America. (Reuters) - Canada Pension Plan Investment Board said on Wednesday it has agreed to buy marine terminal operator Ports America from Oaktree Capital Management LP for an undisclosed sum. Oaktree Ports America Capital Partners General Information. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private . In 2019, Ports America Group generated around $1.3 billion in revenue. Current Entity Name: OAKTREE PORTS AMERICA FUND GP, L.P. . Mr. Parker is a managing director in Oaktree's Opportunities group in New York. Pantheon is leading a deal that will give Oaktree Capital Group more time to manage an asset called Ports America, which it inherited when it acquired infrastructure group Highstar, sources told Buyouts. Oaktree's infrastructure arm inherited Ports America with the firm's 2014 purchase of Highstar Capital, which owned the business through a fund raised in 2007. Ports America has an overall rating of 4.0 out of 5, based on over 203 reviews left anonymously by employees. Their business is recorded as FOREIGN LIMITED PARTNERSHIP.The Company's current operating status is Active With more than 90 years of experience through predecessor companies, Ports America possesses dedicated resources that only a company of such scale and scope can deliver, including: skilled personnel, robust training programs, best-in class technology and experienced management. He also serves as a co-portfolio manager for the firm's Infrastructure Energy strategy and will remain involved with the Infrastructure strategy while also working with the Opportunities group. Smith Oaktree manages $2.58 billion in infrastructure investments and included in its portfolio are stakes in Ports America, NorthStar Terminals, NorthStar Transloading and NGL Energy. He replaces former president and CEO, Michael Hassing. Brookfield Asset Management Inc. has controlled . While no valuation was given in the announcement statement, the deal values Ports America at over $4 billion, according to two In 2016 a deal with Yilport was in the works, but never eventuated. Canada Pension Plan Investment Board ("CPP Investments") today announced that it has entered into a definitive agreement to become the 100% owner of Ports America ("the Company"), North America's largest marine terminal operator, through the acquisition of an interest from funds managed by Oaktree Capital Management, L.P. ("Oaktree"). Canada Pension Plan Investment Board (CPP Investments) has entered into a definitive agreement to completely take over North America's largest marine terminal operator, Ports America, through the acquisition of interest from funds managed by Oaktree Capital Management LP (Oaktree). CPP Investments acquires Ports America. About Oaktree Oaktree is a leader among global investment managers specializing in alternative investments, with $156 billion in assets under management as of June 30, 2021. Today, Ports America is the largest terminal operator in North America, with diversified operations across the country, including 70 locations in 33 ports on each of the United States' three coasts. Contact details 525 Washington Blvd Suite 1660 Jersey City, NJ 07310 United States. Alternative asset manager Oaktree has controlled Ports America since 2014, when it acquired Highstar Capital and the infrastructure-focused investor's funds, which included the Jersey City,. The Canada Pension Plan Investment Board is set to become the full owner of Ports America, the largest U.S. terminal operator, after agreeing to acquire Oaktree Capital Management's stake. Ports America video Ports America Locations And Capabilities Who We Are We keep the world moving Ports America operations range from pure container terminals to "under-the-hook stevedoring." They are buying the remaining investments in Ports America from California-based investment manager Oaktree Capital Management. As reported in September, CPP Investments, an independent asset manager responsible for the Canada Pension Plan, will acquire 100% ownership of Ports America from Oaktree Capital Management at a . Canada Pension Plan Investment Board ("CPP Investments") today announced that it has entered into a definitive agreement to become the 100% owner of Ports America ("the Company"), North America's largest marine terminal operator, through the acquisition of an interest from funds managed by Oaktree Capital Management, L.P. ("Oaktree .