Highstar Capital, a private equity firm that owns Ports America, is looking to find a buyer for the company – a deal which could fetch around US$1 billion, according to Bloomberg.
Based in New Jersey, Ports America is the largest terminal operator and stevedore in the US, operating in more than 42 ports and 80 locations.
The company handled 10.1 million tons of general cargo and 1.7 million cruise ship passengers last year, according to its website.
