Fortress Transportation And Infrastructure Investors
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Fortress Transportation And Infrastructure Investors
Fortress Transportation and Infrastructure Investors () is a corporation. 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. General Electric supplied the 485MW gas turbine power plant. On 20 November 2019, it was announced that Canadian Pacific would purchase the Central Maine and Quebec Railway from FTAI. On 23 December 2019, GCM Grosvenor acquired a 49.9% equity stake in the Long Ridge Energy Terminal from FTAI. Leadership The company was formed by Wes Edens Wesley Robert Edens (born October 30, 1961) is an American billionaire businessman and private equity investor. He is the co-founder of Fortress Investment Group and founder of New Fortress Energy. Edens is co-owner of the Milwaukee Bucks NBA fr .... References {{Authority control Companies listed on the Nasdaq ...
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Monroe County, Ohio
Monroe County is a county located on the eastern border of the U.S. state of Ohio, across the Ohio River from West Virginia. As of the 2020 census, the population was 13,385, making it the second-least populous county in Ohio. Its county seat is Woodsfield. The county was created in 1813 and later organized in 1815. History Monroe County was formed on January 28, 1813, from portions of Belmont, Guernsey and Washington counties. It was named after James Monroe, the U.S. Secretary of State when the county was formed, and later fifth President of the United States. When organized, the county's eastern border was with the state of Virginia. This portion of the state seceded from Virginia during the American Civil War, being admitted to the Union as the state of West Virginia. The largely rural county reached its peak of population in the 19th century, before urbanization drew people into and near cities for work and other opportunities. It is still a center of Amish population an ...
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General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize. On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it will ...
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Gas Turbine
A gas turbine, also called a combustion turbine, is a type of continuous flow internal combustion engine. The main parts common to all gas turbine engines form the power-producing part (known as the gas generator or core) and are, in the direction of flow: * a rotating gas compressor * a combustor * a compressor-driving turbine. Additional components have to be added to the gas generator to suit its application. Common to all is an air inlet but with different configurations to suit the requirements of marine use, land use or flight at speeds varying from stationary to supersonic. A propelling nozzle is added to produce thrust for flight. An extra turbine is added to drive a propeller (turboprop) or ducted fan (turbofan) to reduce fuel consumption (by increasing propulsive efficiency) at subsonic flight speeds. An extra turbine is also required to drive a helicopter rotor or land-vehicle transmission (turboshaft), marine propeller or electrical generator (power turbine). Greater ...
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Canadian Pacific
The Canadian Pacific Railway (french: Chemin de fer Canadien Pacifique) , also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996), is a Canadian Class I railway incorporated in 1881. The railway is owned by Canadian Pacific Railway Limited, which began operations as legal owner in a corporate restructuring in 2001. Headquartered in Calgary, Alberta, the railway owns approximately of track in seven provinces of Canada and into the United States, stretching from Montreal to Vancouver, and as far north as Edmonton. Its rail network also serves Minneapolis–St. Paul, Milwaukee, Detroit, Chicago, and Albany, New York, in the United States. The railway was first built between eastern Canada and British Columbia between 1881 and 1885 (connecting with Ottawa Valley and Georgian Bay area lines built earlier), fulfilling a commitment extended to British Columbia when it entered Confederation in 1871; the CPR was Canada's first transcontinental railway. ...
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Central Maine And Quebec Railway
The Central Maine & Québec Railway was a Class II freight railroad operating in the U.S. states of Maine and Vermont and the Canadian province of Quebec with headquarters in Bangor, Maine. It was owned by Railroad Acquisition Holdings, LLC, a subsidiary of Fortress Investment Group, LLC. It is now a subsidiary of Canadian Pacific Railway since June 2020. Its United States operations were named the Central Maine & Québec Railway US Incorporated with offices in New York, NY, and were registered with the Surface Transportation Board on February 14, 2014. Its Canadian operations were named the Central Maine and Québec Railway Canada Incorporated with offices in Sherbrooke, QC, and were registered with Revenue Québec on February 14, 2014. History The Montreal, Maine and Atlantic Railway , itself a product of the 2002 Iron Road Railways bankruptcy, filed for bankruptcy in the United States and Canada on August 7, 2013, following the fiery Lac-Mégantic rail disaster, in whic ...
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GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is an American alternative asset management firm, with approximately $74 billion in assets under management and approximately 530 professionals as of 2023. GCM Grosvenor manages assets on behalf of a global client base across hedge fund strategies, private equity, real estate, infrastructure, and multi-asset class investments. The firm specializes in developing customized portfolios for clients who want an active role in their alternatives programs; it also provides multi-client portfolios for investors. Investment offerings include direct and co-investments, secondaries, and multi-manager portfolios. GCM Grosvenor's clients are mostly institutions, such as pension funds, sovereign wealth entities, financial institutions, corporations, insurance companies, charitable organizations, and endowments. GCM Grosvenor has more than $15 billion invested and committed to Environmental, Social and Governance (ESG) themes, and as a signatory to the Principles for ...
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Long Ridge Energy Terminal
Long may refer to: Measurement * Long, characteristic of something of great duration * Long, characteristic of something of great length * Longitude (abbreviation: long.), a geographic coordinate * Longa (music), note value in early music mensural notation Places Asia * Long District, Laos * Long District, Phrae, Thailand * Longjiang (other) or River Long (lit. "dragon river"), one of several rivers in China * Yangtze River or Changjiang (lit. "Long River"), China Elsewhere * Long, Somme, France * Long, Washington, United States People * Long (surname) * Long (surname 龍) (Chinese surname) Fictional characters * Long (''Bloody Roar''), in the video game series Sports * Long, a fielding term in cricket * Long, in tennis and similar games, beyond the service line during a serve and beyond the baseline during play Other uses * , a U.S. Navy ship name * Long (finance), a position in finance, especially stock markets * Lòng, name for a laneway in Shanghai * Long int ...
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Wes Edens
Wesley Robert Edens (born October 30, 1961) is an American billionaire businessman and private equity investor. He is the co-founder of Fortress Investment Group and founder of New Fortress Energy. Edens is co-owner of the Milwaukee Bucks NBA franchise based in Milwaukee, Wisconsin, along with Marc Lasry. He is additionally the co-owner of football club Aston Villa, alongside Nassef Sawiris. Biography In his teenage years, Edens was a competitive skier. Edens received a B.S. in Finance and Business Administration from Oregon State University in 1984. Edens and his wife Lynn have four children, and his daughter represented the Milwaukee Bucks in the 2014 NBA Draft lottery. His personal interests include horse jumping, alpine skiing and mountain climbing. Edens built and owns Caldera House, an eight-room boutique hotel and private ski club in Jackson Hole, Wyoming. Career Lehman Brothers and BlackRock He began his career in 1987 at Lehman Brothers, where he was a partner and manag ...
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