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Blackstone Boosts Carrix Stake as Smiths, Hemingways Sell

  • Stake of about 51% was expected to fetch $2.5 billion or more
  • Existing investors in U.S. marine terminals have doubled down
Port Of Los Angeles To Operate Around The Clock To Ease Cargo Logjams
Photographer: Kyle Grillot/Bloomberg
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Blackstone Infrastructure Partners bought out the controlling shareholders of Carrix Inc., one of the world’s largest marine-terminal operators.

The families had been weighing a sale of their holding in the Seattle-based company, Bloomberg reported in June. The stake was expected to fetch $2.5 billion or more, people familiar with the matter said at the time, asking not to be identified because the talks were private.