IFM and BCI Acquire Stake in Global Container Terminals


IFM Investors (IFM) and the British Columbia Investment Management Corporation (BCI) have announced that they will become equity partners in GCT Global Container Terminals (GCT) — joining the Ontario Teacher’s Pension Plan.

After the transaction, Ontario Teachers’ will continue to hold 37.5% of GCT, with IFM acquiring a 37.5% holding and BCI acquiring 25%.

GCT is one of the leading container terminal operators in North America — operating four Green Marine certified terminals in two principal North American ports.

Read the latest technical paper from Maersk Container Industries — “Next-Gen Efficiency in Reefer Operations”

On the East Coast, the company operates GCT New York on Staten Island, NY and GCT Bayonne, NJ — whilst on the West Coast the operator runs GCT Vanterm and GCT Deltaport in Vancouver and Delta, BC respectively.

IFM is a global institutional funds manager operating across Australia, Europe and North America, and BCI is one of Canada’s largest institutional investors in the global capital markets.

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