FTAI Infrastructure to Acquire Port Arthur Terminal and 50% of Hardisty DRU for $255M
FIP sits 20% above its 52-week low of $2.765.
Summary
Jefferson, a subsidiary of FTAI Infrastructure, agreed to acquire the Port Arthur Terminal and a 50% stake in the Hardisty Diluent Recovery Unit for $255M, expected to add ~$50M annual EBITDA and close in Q4 2026.
Key Events · M&A and Partnerships · FIP
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Definitive Agreement Signed
Drub LLC, a Jefferson subsidiary, agreed to acquire 100% of DRUbit LLC from USD Group for an enterprise value of $255M, including the Port Arthur Terminal and a 50% interest in the Hardisty Diluent Recovery Unit.
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Expected EBITDA Accretion
The acquired assets are expected to generate approximately $50M in annual EBITDA over the next twelve months, more than doubling Jefferson's existing Adjusted EBITDA.
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Financing Structure
The purchase price will be funded by assuming $190M of existing DRUbit term debt plus a $72M debt commitment from Barclays Bank PLC, with a $5.1M adjustment escrow.
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Closing Conditions and Timeline
Closing is subject to HSR Act approval, no Material Adverse Effect, and absence of default under assumed debt; expected during Q4 2026 with a 5-month outside date.
Analysis · FIP · Energy & Transportation
A definitive agreement has been signed by Jefferson, a subsidiary of FTAI Infrastructure, to acquire crude oil logistics assets from USD Group for an enterprise value of $255 million. The transaction is expected to generate roughly $50 million in annual EBITDA, which would more than double Jefferson's existing Adjusted EBITDA. Financing combines $190 million of assumed debt with a $72 million commitment from Barclays. Closing is subject to HSR approval and customary conditions, with completion anticipated in Q4 2026. A $15.3 million termination fee protects the seller if Jefferson fails to close.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 38.6% of the 919 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.45%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FIP was trading at $3.31 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $369.3M. The 52-week trading range was $2.77 to $6.69. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.