07:19 AM EDT, 06/29/2026 (MT Newswires) -- FTAI Infrastructure ( FIP ) said Monday that it has completed the acquisition of barge and rail transloading company AP Shale Logistics, known as Tidewater Logistics, for about $45 million.

The company said the transaction was funded through an upsizing of its existing term loan.

FTAI Infrastructure ( FIP ) said it expects Tidewater to generate adjusted earnings before interest, taxes, depreciation, and amortization of $9 million in the next twelve months.

Shares of the FTAI Infrastructure ( FIP ) were down 2% in premarket activity Monday.