Brookfield Infrastructure Group has been active in the ports sector since 2006 and has acquired a significant portfolio of high-quality assets in Europe and Australia. The company plans to expand its ports business in the Americas.
Prior to joining Brookfield Infrastructure Group, Tilden served in executive positions with Ports America through April 2009, following its acquisition of Marine Terminals Corp. in 2007. In addition, Tilden spent 19 years with United States Lines in various executive positions.
Brookfield Infrastructure Group is a unit of Toronto-based Brookfield Asset Management (Brookfield). Brookfield manages more than $150 billion of assets globally, including $30 billion in infrastructure. The company has been in operation for more than 100 years and has a global reach, with a particular focus on Latin America. Brookfield’s port operations move in excess of 200 million tons of cargo per year.
Tilden commented on his new role.
“These are difficult times for ocean carriers and the vendors that serve them,” Tilden said. “But in these times, we believe there is an opportunity to rationalize terminal assets for the benefit of the carriers, their customers and the ports. I have known Brookfield for many years and have been impressed with its patient, long-term approach to investing. Its strategy is to build platforms within industries by acquisition, development and improvement of operating performance. Brookfield’s long-term investment philosophy is a good fit with the industries in which it has chosen to invest.”