Contanda, formerly "Westway Group", is a premier provider of storage and logistics services to owners of bulk liquid products in North America.
The company, headquartered in Houston, Texas, is focused on niche liquid products and customized service offerings and has a leading market position in the agricultural and chemical sectors. The majority of its terminals are located on the Gulf of Mexico and the East Coast. Contanda's terminals are strategically located near deep water ports and transportation infrastructure, providing customers access to critical shipping lanes and distribution networks. Key products stored include petroleum oils, specialty chemicals, caustics, asphalts, vegetable oils, methyl esters, chemicals and molasses products, among others.
The company has a 60 year operating history and was publicly listed in 2009. In 2012, the company divested its liquid feed supplement business and certain non-core terminals and was then taken private by EQT in 2013. Since EQT's investment, the Company has made significant investments expanding storage capacity in North America by over 570,000 barrels and has focused on its core North America market by divesting its European Terminals.
In December 2019, EQT Infrastructure sold Contanda to institutional investors advised by J.P. Morgan Asset Management
Key events since EQT investment
- In March 2014, Contanda completed the sale of four European terminals to Koole and used the majority of net proceeds to paydown debt (approximately 70%) and remaining for future expansion
- In 2014 and 2015 Contanda completed construction and contracting of 570mbbls of capacity expansion (+7% increase in capacity) in core markets such as Houston, Philadelphia, Port Allen and Baltimore
- In April 2016, Jerry Cardillo joined Contanda as CEO. Mr. Cardillo has extensive experience in the midstream sector, including 15 years as a senior executive at Enterprise Product Partners, most recently as Group SVP, where he oversaw 1500+ employees
- In October 2016, Westway officially changed its name to Contanda
- In November 2016, Contanda completed the acquisition of 64 acres of additional property situated at a valuable location on the Houston Ship Channel. The property is equipped with existing dock and rail infrastructure and is currently being used as a steel import terminal
- In 2017, Contanda completed its headquarter relocation from New Orleans, LA to Houston, TX, where 40% of Contanda’s current storage capacity and ongoing growth projects are located
- In September 2017, Contanda secured a commercial agreement with the Port of Houston for a second, contiguous ~340 acre property with prime deepwater access on the Houston Ship Channel, providing the company with significant growth opportunities going forward