FTAI Infrastructure Unit To Buy Port Arthur Terminal, Alberta DRU Interest For $255 Mln

(RTTNews) - FTAI Energy Partners LLC (Jefferson), a subsidiary of FTAI Infrastructure Inc. (FIP), said Monday that it has agreed to acquire the Port Arthur Terminal in Texas, and a 50% interest in a Diluent Recovery Unit (DRU) in Hardisty, Alberta, from a subsidiary of USD Group LLC for approximately $255 million in cash. FTAI said the acquisition will be financed by assuming existing indebtedness of the acquired business and through an acquisition debt facility secured by Jefferson and its subsidiaries. The transaction is expected to close in the fourth quarter of 2026. The acquired assets are expected to generate approximately $50 million in annual EBITDA over the next 12 months.