Stonepeak Invests US$2.4 Billion in Global CMA CGM Terminal Portfolio through United Ports Joint Venture
Stonepeak has committed US$2.4 billion to acquire a minority stake in a portfolio of 10 major container terminals operated by CMA CGM, marking one of the largest recent infrastructure investments in the global port sector. Under the agreement, CMA CGM and Stonepeak will establish a US-based joint venture, United Ports LLC, through which the terminals will be held.
The deal will see Stonepeak take a 25% stake, while CMA CGM retains 75% ownership and full operational control of the assets. The transaction is expected to close in the second half of 2026, subject to customary regulatory, competition and foreign investment approvals.
The terminals included in the transaction span six countries across key global trade corridors. Assets cover Fenix Marine Services in Los Angeles, Port Liberty terminals in New York and Bayonne, Santos terminals in Brazil, CSP Valencia, CSP Bilbao, Terminal Marítima del Guadalquivir and TTI Algeciras in Spain, Nhava Sheva Freeport Terminal in India, CMA CGM Kaohsiung Terminal in Taiwan, and Gemalink at Cai Mep in Vietnam.
CMA CGM said the proceeds from the transaction will be reinvested into the group’s core businesses and used to further expand its end-to-end supply chain capabilities across shipping, ports, inland logistics, air freight and digital services. The group currently serves more than 420 ports worldwide with a fleet exceeding 650 vessels.
Commenting on the agreement, CMA CGM Group Chairman and CEO Rodolphe Saadé said the creation of United Ports LLC represents a significant milestone in the expansion of the group’s terminal activities in the United States and internationally, strengthening long-term access to strategic gateways and enhancing service quality for customers.
Stonepeak highlighted the strategic importance of container terminals in global trade, noting that such assets are among the most difficult transport infrastructure facilities to replicate. Senior Managing Director James Wyper said the partnership provides a rare opportunity to invest alongside one of the world’s largest shipping and logistics groups in a diversified set of high-quality, strategically located terminals.
Both companies added that the partnership is designed as a long-term collaboration, with Stonepeak potentially contributing up to US$3.6 billion in additional capital to support future terminal developments in the United States and other global markets. Stonepeak, headquartered in New York, manages approximately US$80 billion in assets and specializes in infrastructure and real assets investments.
