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.