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1/12/2022
Precision Terminal Logistics (PTL), a subsidiary of Anacostia Rail Holdings and Brown Brothers Harriman Capital Partners, has acquired The Kearney Cos. Inc. (KCO) in New Orleans and Kearney Page Warehouse Services (KPWS) in Savannah, Georgia.
The acquisition was completed Dec. 31, 2021. Anacostia Rail and Brown Brothers will provide additional resources and strategic partnerships to the companies and their clients, representatives from the companies said in a press release.
"The acquisition expands two critical gateways at a crucial time when customer supply chains at ports are backlogged and need enhanced capacity," said PTL President Ray Nixon.
KPWS will be rebranded as The Kearney Cos.–Savannah. David Kearney will remain president of both companies and will continue to be an equity owner.
KCO operates more than 500,000 square feet of rail-served warehouse capacity and 60 acres of yard capacity in the Port of New Orleans gateway. The facilities are served by the New Orleans Public Belt Railroad (NOPB) that connects directly with BNSF Railway Co., CN, CSX, Kansas City Southern, Norfolk Southern Railway and Union Pacific Railroad.
KCO’s services include commodity warehousing, barge and rail transloading, coupled with full-service ocean container drayage operations and inland freight management services. KCO handles agriculture and manufactured products including corn meal, rice, paper, chemicals, lumber, steel and non-ferrous metals products.
KPWS operates a 400,000 square foot warehouse in Garden City near the Georgia Port Authority–Savannah Container Terminal, served by CSX. Kearney manages high volume cross-dock programs for numerous commodity suppliers especially in the pulp and paper sector, supported by an advanced logistics technology platform.
Based in Pittsburgh, PTL operates 23 terminals in 15 states. The company provides transloading secure bulk commodity storage and material handling facility design. Anacostia Rail and Brown Brothers formed PTL in September 2019.