Expansion to Mid-Atlantic geo-market enhances Enstructure’s terminal and logistics solutions while positioning Enstructure as a leading East Coast terminal operator

Wellesley, MA – November 17, 2021 – Enstructure, a leading U.S. terminal and logistics company, announced today that it has acquired Port Contractors and its affiliates (“Port Contractors”).

Founded in 1974, Port Contractors provides high-quality stevedoring, material handling, warehousing, and logistics solutions to its diverse and long-standing customers. With primary operations in Wilmington, DE, Fairless Hills, PA, and Palm Beach, FL, the company services its customers across more than 205 acres, including 560,000 square feet of industrial warehousing and direct Class I railroad connectivity. Port Contractors’ President, Mike Evanko, and its tenured management team will continue to lead the company’s day-to-day operations.

“With the addition of Port Contractors to the Enstructure family of companies, we have expanded into the high-growth Mid-Atlantic market while partnering with Port Contractors ownership and its exceptional operating team led by Mike Evanko,” said Matthew Satnick and Philippe De Montigny, Co- CEOs of Enstructure. “We are delighted to welcome Port Contractors to the team and look forward to supporting the company’s long-standing customers with our broader terminal and logistics solutions.”

“We are excited to partner with Enstructure as we look forward to Port Contactors’ next phase of growth. Our team of approximately 65 employees will continue to provide an unparalleled level of customer service while leveraging Enstructure’s broader terminal network and resources,” said Mike Evanko, President of Port Contractors. “In joining the Enstructure family of companies, we are better positioned to serve our customers and their evolving supply chain needs.”

Following the acquisition, Enstructure operates sixteen terminals across nine states with over 700 employees and approximately 3.8 million square feet of industrial warehouse capacity, including 19.2 million cubic feet of cold storage.

Seale & Associates acted as exclusive financial advisor to Port Contractors.