Fortress_Transportation_and_Infrastructure_Investors

Fortress Transportation and Infrastructure Investors

Fortress Transportation and Infrastructure Investors

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Fortress Transportation and Infrastructure Investors (Nasdaq: FTAI) is a corporation.[1]

History

On 31 May 2019, construction of the Long Ridge Energy gas-fired power plant began in Monroe County, Ohio. At the time, the Long Ridge project was 100% owned by FTAI.[2] General Electric supplied the 485MW gas turbine power plant.[3]

On 20 November 2019, it was announced that Canadian Pacific would purchase the Central Maine and Quebec Railway from FTAI.[1]

On 23 December 2019, GCM Grosvenor acquired a 49.9% equity stake in the Long Ridge Energy Terminal from FTAI.[4]

Leadership

The company was formed by Wes Edens.

References

  1. [1]
    "CP to acquire Central Maine & Quebec Railway from FTAI". 20 November 2019.
  2. [2]
    "Construction begins for Long Ridge Energy gas-fired power plant". wtov9.com. Fox News. 31 May 2019.
  3. [3]
    "GE to Offer HA Gas Turbine Technology to Fortress in Ohio". Nasdaq, Inc. Zacks Equity Research. 7 March 2019.
  4. [4]
    "GCM Grosvenor Announces Agreement to Acquire 49.9% Equity Interest in Long Ridge Energy Terminal from Fortress Transportation and Infrastructure Investors". Oil & Gas 360. 23 December 2019.
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