Enstructure Acquires Port Contractors
Terminal and logistics company Enstructure announced November 18 that it has acquired Port Contractors and its affiliates, allowing Enstructure’s expansion to the Mid-Atlantic market.
The move positions Enstructure as a major East Coast terminal operator.
Founded in 1974, Port Contractors provides stevedoring, material handling, warehousing and logistics solutions to diverse and long-standing customers. With primary operations in Wilmington, Del., Fairless Hills, Pa. and Palm Beach, Fla., the company services its customers across more than 205 acres, including 560,000 square feet of industrial warehousing and direct Class I railroad connectivity. Port Contractors’ president, Mike Evanko, and its tenured management team will continue to lead the company’s day-to-day operations.
“With the addition of Port Contractors to the Enstructure family of companies, we have expanded into the high-growth Mid-Atlantic market while partnering with Port Contractors’ ownership and its exceptional operating team led by Mike Evanko,” said Matthew Satnick and Philippe De Montigny, co-CEOs of Enstructure. “We are delighted to welcome Port Contractors to the team and look forward to supporting the company’s long-standing customers with our broader terminal and logistics solutions.”
Evanko said, “We are excited to partner with Enstructure as we look forward to Port Contactors’ next phase of growth. Our team of approximately 65 employees will continue to provide an unparalleled level of customer service while leveraging Enstructure’s broader terminal network and resources. In joining the Enstructure family of companies, we are better positioned to serve our customers and their evolving supply chain needs.”
Following the acquisition, Enstructure operates 16 terminals across nine states with more than 700 employees and approximately 3.8 million square feet of industrial warehouse capacity, including 19.2 million cubic feet of cold storage.
Seale & Associates acted as exclusive financial advisor to Port Contractors.
Enstructure LLC is a logistics infrastructure company with corporate offices in Wellesley, Mass., and New York, N.Y. 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 companies within the energy, agriculture, food, manufacturing, construction and public safety sectors.
