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March 4, 2019 9:45 AM, EST

Upper Bay Infrastructure Partners Acquires Tidewater Transportation and Terminals

Upper Bay Infrastructure Partners said it led with some allied investors to acquire Tidewater Transportation and Terminals from Stonepeak Infrastructure Partners, according to an Upper Bay news release.

Tidewater is a multicommodity transportation and terminal company serving the Pacific Northwest. Headquartered in Vancouver, Wash., and founded in 1932, Tidewater’s operating area spans 465 miles on the Columbia and Snake River system, extending from the Port of Astoria on the Oregon coast to the inland Port of Lewiston in Idaho.

Tidewater is a premier inland marine transportation company in the Northwest, according to Upper Bay CEO Marietta Moshiashvili. The company evolved from a barge line, primarily handling wheat, into Tidewater Holdings Inc., a multicommodity transportation, terminal and marine construction and repair company, according to Upper Bay.

Tidewater owns Island Tug and Barge, which has served the western coasts of Canada and the United States for more than 50 years. Island Tug and Barge also provides specialty towing, marine logistics, and tug and barge services. ITB Subsea, a division of Island Tug and Barge, supplies marine services including underwater cable laying and marine construction.

Upper Bay is an independently owned private investment firm in New York City. — Transport Topics