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Greenstreet Equity Partners to acquire TECO Transport Corporation for $405m

29/10/2007Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityAn investor group led by Miami-based private equity firm Greenstreet Equity Partners has agreed to acquire energy-focused holding company TECO Energy's transportation business, TECO Transport Corporation, for $405m in cash, subject to working capital adjustment.

TECO Transport comprises three major, US-based subsidiaries: an oceangoing fleet, an inland river barge fleet and a deep-water transfer and storage terminal on the Mississippi river.

TECO Energy is an integrated energy-related holding company with regulated utility businesses, complemented by a family of unregulated businesses.

Greenstreet was founded by Steven Green, a former US ambassador to Singapore, and Jeffrey Safchik.

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