AMPORTS SOLD TO AIG HIGHSTAR CAPITAL

New York, NY - AIG Global Investment Group (AIGGIG) and Lincolnshire Management Inc. (Lincolnshire) today announced that Highstar Harbor Holdings II, Inc., a subsidiary of AIG Highstar Capital (Highstar), entered into a definitive agreement with Lincolnshire Equity Fund III, L.P., a fund managed by Lincolnshire, to purchase AMPORTS, Inc (AMPORTS).  Terms were not disclosed.

Headquartered in Jacksonville, Florida, AMPORTS operates ports in Benicia, California, Baltimore, Maryland, Brunswick, Georgia, and on both coasts of Mexico and is the leading provider of port-side automotive processing services in North America.  The company owns much of the property from which it operates, giving it a strong competitive position and through its diverse geographic footprint the unique ability to offer its customers a full range of logistical and processing services.  AMPORTS CEO Jim Davis and the existing AMPORTS management team will continue to manage the business following its acquisition by Highstar.

After acquiring AMPORTS from Associated British Ports, Lincolnshire worked with the management team to streamline operations and grow existing customer relationships by capitalizing on AMPORTS’ unique location advantage.

“We met Jim Davis long before we acquired AMPORTS, and were quite impressed with his management ability and vision for combining his operation with our existing facilities,” said Mike Lyons, a Senior Managing Director at Lincolnshire.   “The management team’s ability to execute on the integration strategy has produced strong results, and positioned the company for continued growth as a formidable force in the industry,” added Mike Forlenza, a Lincolnshire Managing Director.

The acquisition of AMPORTS follows the recent closing of AIGGIG’s purchase of P&O Ports North America from DP World.  P&O was subsequently renamed Ports America.

“We are excited to enhance our presence in this important segment of North American infrastructure,” said Christopher Lee, an AIGGIG Managing Director and the Managing Partner of Highstar. “We believe that both AMPORTS and Ports America are best-in-class businesses, with outstanding growth potential.  AMPORTS’ valuable waterfront presence and portside vehicle processing business will complement the core container business of Ports America.  We are also very excited about the opportunity to work with Jim Davis and his outstanding management team.”