FTAI Infrastructure Inc. (NASDAQ:FIP) Acquisition: A Pivotal Moment in the Company's Evolution

Diamond Hill Capital's Small Cap Strategy portfolio trailed the Russell 2000 Index in Q3, returning 7.93%. The underperformance was mainly due to the rally being driven by sectors not typically owned by the portfolio. FTAI Infrastructure Inc. (NASDAQ:FIP) was a bottom contributor, with volumes at its Jefferson terminal increasing slower than expected and planned maintenance at its Long Ridge facility impacting revenues. However, the acquisition of The Wheeling Corporation, which owns the Wheeling & Lake Erie Railway Company, is strategically significant and could represent a pivotal moment in FTAI Infrastructure's evolution.