CMA CGM and Stonepeak launch United Ports LLC in landmark terminal joint venture

CMA CGM Group and Stonepeak have announced an agreement to establish United Ports LLC, a new U.S.-based joint venture that will acquire a portfolio of 10 major CMA CGM-operated container terminals worldwide.

The transaction is backed by a USD 2.4 billion investment from Stonepeak, which will acquire a 25% minority stake in the joint venture. CMA CGM will retain a 75% ownership stake as well as full operational control of the terminals.

Rodolphe Saadé, Chairman and Chief Executive Officer of CMA CGM Group, said the creation of United Ports LLC represents a significant milestone in the group’s terminal development strategy in the United States and globally.

He noted that the partnership brings together ten strategically located terminals across six countries and strengthens CMA CGM’s ability to invest in port infrastructure, secure access to key gateways and enhance service quality for customers.

Stonepeak highlighted the strategic importance of container terminals within global supply chains. James Wyper, Senior Managing Director and Head of U.S. Private Equity and Transportation & Logistics at Stonepeak, said the joint venture provides a unique opportunity to invest in a high-quality portfolio of critical port infrastructure alongside one of the world’s leading shipping and logistics groups.

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