Savage Enterprises, LLC and Ridgewood Infrastructure LLC have formed the joint partnership of Transportation Infrastructure Partners LLC. The JV will focus on acquiring and operating transportation and logistics infrastructure in the United States, with Savage operating the venture’s investments.
“We’re excited about our relationship with Ridgewood—a first of its kind for our company,” remarked Kirk Aubry, Savage president and CEO. “Ridgewood is a highly capable partner with deep experience in the industries we serve and relationships that will help ensure the success of Transportation Infrastructure Partners.”
Ridgewood Infrastructure Managing Director Ryan Stewart said, “Savage is one of the most well-respected transportation and logistics companies in North America. Over its 70+ year history, Savage has distinguished itself as a leading provider of transportation, materials handling, environmental, and other industrial services.”
“We are very pleased to be partnering with Savage to build Transportation Infrastructure Partners into an important owner and operator of critical transportation and logistics infrastructure,” stated Ross Posner, Ridgewood Infrastructure managing partner. “Ridgewood and Savage share clear cultural and strategic alignment, and we bring complementary resources and capabilities to the partnership. We look forward to working with Savage for many years to come.”