Wellesley, Massachusetts-based terminal and logistics company Enstructure plans to acquire Patriot Port Holdings, a sister company of short line operator Patriot Rail, as a way to expand its presence along the East Coast and at inland river terminals.
The two have entered into a definitive agreement in which Enstructure will purchase the ports division of Patriot Rail & Ports for an undisclosed amount. Closing will occur in early July. Patriot Ports, which...