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Enstructure acquires Richardson Companies, further expands Gulf Coast terminal network

Published by , Editorial Assistant
Dry Bulk,


Enstructure, a leading US marine terminal and logistics company, has announced that it has acquired Richardson Companies.

Founded in 1969, Richardson is a premier terminal and logistics company with primary operations in Port Houston and the Port of Mobile. Richardson is an industry leader in breakbulk operations, handling a diverse mix of breakbulk cargoes, including steel products, forest products, and project cargo. The company operates approximately one million square feet of industrial warehousing in Houston, Baytown, Freeport, and Mobile. Following the acquisition, Enstructure will operate twenty terminals along the Gulf Coast, East Coast, and Inland River System with over 1200 employees and over five million square feet of industrial warehouse capacity.

Matthew Satnick and Philippe De Montigny, Co-CEOs of Enstructure, said: "We are excited to build upon Richardson's long-standing reputation as a premier breakbulk operator on the Gulf Coast. We welcome Richardson’s customers and employees to Enstructure and look forward to our partnership. Richardson further expands our terminal network into high-growth Gulf Coast markets and broadens our ability to provide best-in-class service to our customers. We look forward to expanding Richardson's product and service offering while bolstering the company's existing customer relationships."

Port Houston Executive Director Roger Guenther, said: “We are excited to have Enstructure join the Port Houston general cargo terminal family. Port Houston is recognised for its prominence in the breakbulk business. We’re looking forward to a successful partnership with Enstructure, as we had with Richardson, growing together, and continuing to provide stellar terminal and logistics services in Houston.”

Alabama Port Authority Director and CEO John Driscoll, said: “Gulf ports are some of the fastest-growing gateways in the U.S., and the Port of Mobile is no exception. As one of the most diverse ports in the country with expansive general cargo facilities, we are thrilled to see Enstructure grow its operation at our terminals. We look forward to continuing to work with them at our facilities and help them serve their large base of customers through Alabama’s only deep-water seaport.”

Kelly, Chance, and Mike Richardson, owners of Richardson, said: "Enstructure's expertise in terminal operations and its growing market presence made the company a natural fit. Over 270 Richardson employees, including all operating personnel and management, will remain in place following the acquisition. We are confident that Enstructure's industry-leading service will ensure a seamless transition for Richardson's customers and employees. We are excited to partner with Enstructure to share best practices and invest in our systems and equipment to create long-term growth opportunities for our customers across the Gulf Coast."

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/20032023/enstructure-acquires-richardson-companies-further-expands-gulf-coast-terminal-network/

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