Seale & Associates was retained by the shareholders of Port Contractors, Inc., a leading cargo handler and marine terminal services provider in the Mid-Atlantic and Florida, to advise on the valuation and eventual sale of the business.
Seale ran an auction process with pre-selected potential strategic and financial buyers. Seale’s disciplined approach to the process allowed it to maintain momentum and ensure closing at a fair value and attractive terms for the family.
The process resulted in a successful acquisition by Enstructure LLC, a privately-owned terminals and logistics infrastructure company, becoming an important growth platform for Enstructure in the East Coast.
Following the acquisition, Enstructure now operates sixteen terminals across nine states with over 700 employees and approximately 3.8 million square feet of industrial warehouse capacity, including 19.2 million cubic feet of cold storage.