- Metalmark Capital made a strategic, undisclosed investment in 95-year-old family-owned maritime services firm T. Parker Host in December 2018.
- The deal coincided with Host’s acquisition of the 254-acre Avondale Shipyard in New Orleans to develop a major multimodal logistics hub.
- The Host family, led by majority shareholder Adam Anderson, retained control and key leadership roles despite the outside capital.
- The partnership targets growth in bulk and breakbulk terminal infrastructure, underpinned by planned rail connectivity and rising demand for resilient logistics assets.
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This investment represents a classic growth-capital/private equity strategy executed in the infrastructure/logistics sector. By partnering with Metalmark Capital, T. Parker Host secured not only capital but also strategic resources and industry expertise. Metalmark’s history of investing in founder-or family-owned businesses and infrastructure/industrial operations fits tightly with T. Parker Host’s profile. [1][8]
The Avondale acquisition is central to the strategic logic. The 254-acre shipyard, with over one mile of waterfront, five docks, and existing warehousing, offers the scale and physical assets needed to serve as a regional or national logistics hub. The planned connection to six Class 1 Railroads via the New Orleans Public Belt underpins a multimodal strategy—critical in today’s supply-chain environment. [1][4]
Despite the non-disclosure of deal terms, certain structural risk-return implications emerge: Host preserved majority family control, which suggests Metalmark likely acquired a minority or significant but non-controlling stake. Such structures often ensure founder alignment but can limit upside leverage unless structured with preferred returns or exit provisions. [1][7]
Strategically, this deal positions T. Parker Host to capitalize on increased demand for resilient and efficient bulk/logistics infrastructure, especially along key maritime-rail corridors. However, many open questions remain: how much investment will go into upgrading Avondale (and similar assets) vs. acquiring new ones; what is the timeline and economics of the six-rail connectivity; how will demand for breakbulk commodities evolve; and how will competition from large integrated terminal operators and public ports respond?
Supporting Notes
- T. Parker Host acquired controlling interest in the Avondale Shipyard (254 acres) in New Orleans via a partnership with Hilco Real Estate; the site features five docks and over one mile of waterfront. [1][4][6]
- Metalmark Capital made a strategic investment, undisclosed financial terms, in T. Parker Host in December 2018. [1][4][7]
- Adam Anderson remained majority shareholder; fourth-generation family members Kelsey Host and Andrew Caplan remained as partners post-investment. [1][6]
- T. Parker Host had expanded from approximately 150 to over 500 employees over five years, operates over 30 locations along U.S. East and Gulf Coasts; largest bulk agent in U.S. and largest non-union stevedore in South Florida. [1][6]
- Host plans future connectivity of Avondale to six Class 1 Railroads via New Orleans Public Belt under a binding Cooperative Endeavor Agreement with Port of New Orleans. [1][4]
- Metalmark Capital manages funds with about $3.7 billion in aggregate capital commitments and focuses on infrastructure & industrials, agribusiness, and healthcare. [1][6][8]
Sources
- [1] www.prnewswire.com (PR Newswire) — Dec 7, 2018
- [4] www.marinelog.com (Marine Log) — Dec 10, 2018
- [6] peprofessional.com (PE Professional) — Dec 10, 2018
- [7] mergr.com (Mergr) — 2018
- [8] www.metalmarkcapital.com (Metalmark Capital) — undated
- www.cbinsights.com (CB Insights) — 2025
