Deals
Ports America Said to Explore Sale Valuing Company at $1 Billion
- Terminal operator acquired by Highstar Capital in 2007
- Highstar said working with RBC Capital to find a buyer
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Ports America, the closely held maritime-terminal operator, is exploring a sale, people with knowledge of the matter said.
Highstar Capital, the private equity firm that owns Ports America, is working with investment bank RBC Capital Markets LLC to find a buyer, said the people, who asked not to be identified because the information is private. The company could be valued at about $1 billion in a sale, the people said.