Stonepeak Infrastructure Partners, a $15 billion firm led by former Blackstone Group LP dealmakers, is seeking to sell barge and terminal operator Tidewater Holdings Inc., according to people familiar with the matter.
Tidewater could fetch a price around $500 million, said some of the people, who asked not to be identified because the sale process is confidential.
Vancouver, Washington-based Tidewater transports commodities including petroleum products, waste, grain and woodchips, according to Stonepeak’s website. Its reach spans 465 miles (748 kilometers) from the Pacific Coast to the inland Port of Lewiston, Idaho, including along the Columbia and Snake River systems. Stonepeak acquired the business in 2012.
