Seale & Associates Advises on the Sale of Port Contractors to Enstructure
Seale & Associates, Inc. ("Seale") announced that it acted as exclusive financial advisor to Port Contractors, Inc. ("PCI"), an industry leader in the stevedoring and material handling business in the East Coast, on the sale of its business to Enstructure LLC, a leading U.S. terminal and logistics company.
"We appreciate the opportunity to advise Port Contractors on this milestone transaction and achieve their timing, value, and structure objectives,” said Carlos Hernandez, Managing Director, Seale & Associates.
Following the acquisition, Enstructure now operates sixteen terminals across nine states with over 700 employees and approximately 3.8 million square feet of industrial warehouse capacity, including 19.2 million cubic feet of cold storage.
Founded in 1974, Port contractors, Inc. provides high-quality stevedoring, material handling, warehousing, and logistics solutions to its diverse and long-standing customers. With primary operations in Wilmington, DE, Fairless Hills, PA, and Palm Beach, FL, the company services its customers across more than 205 acres, including 560,000 square feet of industrial warehousing and direct Class I railroad connectivity. PCI's President, Mike Evanko, and its tenured management team will continue to lead the company’s day-to-day operations. For more information, please visit www.portcontractors.com.
Enstructure LLC is a logistics infrastructure company with corporate offices in Wellesley, Massachusetts, and New York, New York. Enstructure owns and operates an integrated network of dry, liquid, and breakbulk terminals and logistics assets on the East Coast, Gulf Coast, and Inland River System of the United States. Founded in 2016, Enstructure's mission is to acquire and grow established terminal and logistics companies that will benefit from the company's resources and best practices, while maintaining an entrepreneurial spirit and local identity. Enstructure provides extensive services for some of the world's largest companies within the energy, agriculture, food, manufacturing, construction, and public safety sectors. For more information, please visit www.enstructure.com.
Seale & Associates Inc. is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings. For more information, please visit www.sealeassociates.com.