Macquarie Infrastructure and Real Assets and West Street Infrastructure Partners, managed by Goldman Sachs, have completed the acquisition of HES International.
The companies have acquired HES International from Riverstone Holdings and the Carlyle Group. The new shareholders, who each control 50% of HES, look forward to working in partnership with the executive board and the employees to further develop and grow the company.
MIRA and WSIP are supportive of management's strategy to grow HES through investment in new projects and to strengthen the existing operations of the terminals.
HES is one of the largest diversified port terminals businesses in Europe and is focused on the storage and handling of liquid bulk products and dry bulk products. With strategic locations in some of Europe's most accessible ports, HES benefits from highly attractive catchment areas and established long-term relationships with the region's blue-chip customers.
The company has established Northwest Europe's newest liquid bulk terminal, HES Botlek Tank Terminal, and helped the largest independent tank terminal in Germany, HES Wilhelmshaven Tank Terminal, transition from a refinery to fully operational tank terminal.
In a statement, the company says that the HES management team is successfully implementing a €700 million transformation and growth strategy, which includes the construction of the 1.3 million m3 HES Hartel Tank Terminal in the Port of Rotterdam. This strategy enables HES to grow into a significant tank terminal operator in Northwest Europe, while further strengthening its position as one of the largest diversified dry bulk terminal operators in Europe.
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