The Port of Houston on Monday awarded a contract to BMO Capital Markets for financial advisory services in connection with the possible sale or lease of its Woodhouse Terminal.
Bill Hensel, a spokesman for the port, said the port is looking at possible alternative uses for the 100-acre terminal, which is located on the Houston Ship Channel near the Sims Bayou juncture, a short distance from the Turning Basin Terminal. The terminal has been used to handle breakbulk cargo.
BMO’s contract is worth $475,000 to $2.4 million depending on the value of any deal. BMO beat out Wells Fargo, which also submitted a bid.
BMO advises Houston on Woodhouse
