FTAI Infrastructure Enters Agreement to Acquire DRUbit LLC for $255 Million

FTAI Infrastructure Inc. (FIP), through an indirect subsidiary, has entered into a definitive agreement to acquire all membership interests of DRUbit LLC. The transaction is based on an enterprise value of $255 million and is subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino (HSR) Act.

Key Details

• Transaction Value: The acquisition has an enterprise value of $255 million, subject to adjustments for cash, indebtedness, and net working capital.
• Financing Structure: The purchase will be funded by assuming approximately $190 million of DRUbit's existing term debt and a new $72 million loan commitment from Barclays Bank PLC.
• Agreement Terms: The agreement, dated September 27, 2026, includes a termination fee of $15.3 million payable by FIP's subsidiary under specified circumstances if the deal does not close.