Wafra acquired an interest in Liberty Development Partners and invested in its principal assets, Gulf Inland Logistics Park and CMC Railroad, to support expansion of a broader rail-served industrial infrastructure platform. The partnership will provide Liberty with capital and institutional resources to accelerate development at Gulf Inland and pursue additional rail-served industrial opportunities.
Gulf Inland is an approximately 3,900-acre industrial development in Dayton, Texas, northeast of Houston.
The site connects with Union Pacific and BNSF Railway through CMC Railroad.
CMC provides switching services and storage capacity for more than 1,000 railcars.
The development also has direct access to U.S. Highway 90 and State Highway 99, also known as the Grand Parkway.
Liberty acquired Gulf Inland and CMC Railroad in 2022.
Since then, Gulf Inland has expanded from approximately 1,150 acres to about 3,900 acres.
Liberty has also invested in roads, rail systems, and utility infrastructure while attracting additional industrial and manufacturing customers.
The partners are currently adding approximately 1,000 additional railcar storage spaces at Gulf Inland and CMC Railroad.
The new capacity is expected to become operational by year-end.
Liberty’s existing management team will continue running Gulf Inland and CMC Railroad while working with Wafra on additional investments and expansion opportunities.
KEY QUOTES:
“Gulf Inland combines a strategic location in one of the country’s most important industrial markets with substantial rail infrastructure and a leading management team.”
Anthony Peek, Managing Director at Wafra
“We believe there is a significant opportunity to expand our rail-served industrial strategy, with Gulf Inland as the foundation.”
“Wafra brings the capital, institutional capabilities, and long-term investment perspective that will allow us to accelerate infrastructure investment, expand the park, and pursue additional opportunities throughout the Gulf Coast and beyond.”
Marcus Goering, CEO of Liberty Development Partners
