FTAI Infrastructure Inc. engages in acquiring, developing, and operating critical infrastructure assets and businesses primarily in the transportation and energy sectors across North America. The company’s main products and services include ownership and operation of freight railroads through its Transtar segment; multi-modal crude oil and refined products terminals and related assets in its Jefferson Terminal segment; a 1,630-acre deep-water port with underground storage cavern, multipurpose dock, and rail-to-ship transloading at Repauno; power generation and gas infrastructure; and sustainability and energy transition projects. FTAI Infrastructure operates six freight railroads and one switching company servicing manufacturing and production facilities, providing rail service to a diverse customer base. The company’s infrastructure assets also encompass port facilities with significant industrial development opportunities and a power plant under construction. Founded in 2021 and headquartered in New York City, the company was spun off from FTAI Aviation Ltd. in August 2022 and is externally managed by an affiliate of Fortress Investment Group.
Recent major changes include the December 2025 acquisition of Wheeling & Lake Erie Railway Company for approximately $1 billion, approved by the Surface Transportation Board, which significantly expands FTAI’s rail operations by integrating Wheeling with its Transtar freight rail division. Additionally, FTAI acquired a 49.9% stake in the Long Ridge power plant, expected to contribute approximately $160 million in annual Adjusted EBITDA, and signed contracts anticipated to add $75 million in annual Adjusted EBITDA. The company continues to pursue various mergers and acquisitions across its Transtar segment and awaits final approval for Phase 3 development at Repauno, anticipating new revenue streams and growth. These strategic expansions position FTAI Infrastructure for earnings growth and appreciation of its asset base in transportation, power, and energy infrastructure markets.
FTAI Infrastructure’s business model targets sectors with high barriers to entry and strong cash flow stability, serving diverse industrial, transportation, and energy customers across North America. Its portfolio includes railroad operations, ports and terminals, power plants, and energy transition infrastructure, with a focus on sustainable and decarbonization-related projects. The company leverages long-term contracts and incurs operational improvements under Fortress Investment Group’s external management to drive value creation. Its geographic operations center on critical North American transport corridors and energy hubs, contributing to the broader economic development and industrial supply chain efficiency.
Overall, FTAI Infrastructure Inc. is a diversified infrastructure company specializing in railroads, ports, terminals, power, and energy assets, with recent strategic acquisitions and development projects enhancing its market position and financial performance. The inclusion of Wheeling & Lake Erie and Long Ridge Power exemplifies its growth strategy through acquisition and organic development in key infrastructure sectors.