Morgan Stanley Investment Management (“MSIM”), through investment funds managed by Morgan Stanley Infrastructure Partners (“MSIP”), a private infrastructure investment platform within MSIM, today announced it has provided an unsecured term loan to The Pasha Group (“Pasha” or the “Company”), a family-owned maritime transportation company, to support continued infrastructure investment in the Hawaii trade.
Comprised of multiple business lines, the Company’s largest segment is Pasha Hawaii, an ocean freight and automobile shipping business operating in the U.S. West Coast-Hawaii shipping market. Pasha Hawaii provides critical transportation infrastructure required to support Hawaii’s population, featuring state-of-the-art vessels with over 40-year useful lives. With limited on-island inventory and storage capacity in Hawaii, MSIP believes Pasha has well-established its position in the U.S.-Hawaii trade landscape, securing the timely and essential delivery of goods to the islands.
We are excited to partner with The Pasha Group, a company with strong market positioning, resilience, and a stable long-term growth profile,” said Daniel Sailors, Managing Director for MSIP. “We believe Pasha provides a critical and recurring service to the people of Hawaii and we welcome the opportunity to continue to be a capital partner to the Company going forward.
About The Pasha Group
The Pasha Group is a family-owned, third-generation diversified global logistics and transportation company that provides ocean transportation for containers and rolling stock between the U.S. West Coast and Hawaii; port processing services for finished and privately owned vehicles; stevedoring for vehicles, breakbulk and container cargos; auto hauling services with its truck fleet throughout the contiguous U.S.; domestic and international relocation services; nationwide container and trailer trucking, LTL, and port warehouse services, container drayage services throughout California, international logistics management for general commodity and project cargoes, Offshore Wind support services in ports and offshore, and clean energy transition services in ports and maritime fleets.