Company history

To know where you’re going, it’s good to know where you came from and at PD Ports we have a rich heritage dating back to the 19th century.

As part of our proud history it’s worth noting that in 1966 the Tees Conservancy Commissioners became Tees and Hartlepool Port Authority (THPA) under an Act of Parliament. 26 years later Powell Duffryn Plc, 3i and Humberside Holdings Limited each took one third interest in THPA. Within three years Powell Duffryn Plc (Ports & Engineering Group) gained 100% of the business.

In between years, Powell Duffryn became recognised worldwide in the field of engineering, bulk liquid storage, construction, wagon manufacture, fuel distribution and shipping.

The millennium saw private Japanese banking group Nikko Principal Investments acquire PD Ports when taking over Powell Duffryn for £507 million pounds.

In December 2004 Nikko sold PD Ports to PD Ports Plc who successfully floated the company and became listed on the London AIM stock market and subsequently the Official List. PD Ports Plc then sold out to Australian investment company Babcock and Brown Infrastructure (BBI) for an enterprise value of £566 million pounds.

From November 2009 right up to today we’re as strong as we’ve ever  been under the ownership of our parent company, Brookfield Asset Management Inc.

Canadian based Brookfield Asset Management Inc. is a global alternative asset manager with approximately $150 billion in assets under management. Brookfield have over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity, and this has significantly strengthened PD Ports’ already formidable reputation.