Fortress Transportation and Infrastructure Investors () is a corporation.
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History
On 31 May 2019, construction of the Long Ridge Energy gas-fired power plant began in 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 ...
. At the time, the Long Ridge project was 100% owned by FTAI.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 energ ...
supplied the 485MW 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 directi ...
power plant.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 Canadi ...
would purchase the 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, ...
from FTAI.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 bas ...
acquired a 49.9% equity stake in the 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 mens ...
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