Portsmouth Gateway Group

What Portsmouth Gateway Group does

Portsmouth Gateway Group (PGG) is a privately held special-purpose consortium formed in 2015 to deliver Ohio's first Public Private Partnership (P3) highway project, State Route 823 — the Southern Ohio Veterans Memorial Highway, a 16-mile controlled-access corridor connecting US 52 to US 23 in southern Ohio. PGG acts as the Developer under a 38-year P3 agreement with the Ohio Department of Transportation that bundles design, construction, finance, operations, and maintenance into a single long-dated concession, with a 35-year post-construction operations and maintenance period before handback to ODOT. The construction phase (June 2015 – December 2018) involved the Portsmouth Joint Venture (Dragados-USA, Beaver Excavating, John R Jurgensen) moving more than 20 million cubic yards of earth and rock and building bridges to deliver the corridor, financed in part by $209 million in federal funding and equity from three private infrastructure investors (ACS Infrastructure Development, InfraRed Capital Partners, and Star America Infrastructure Partners).

The company's core asset and revenue base is the SR 823 highway itself; revenue comes from government contracted payments under the P3 agreement, with no tolls or user fees charged to the public. Following December 2018 completion, PGG operates and maintains the asset for the remaining term of the concession, supporting ODOT oversight from a co-located office at the project site and from ODOT District Nine in Chillicothe. The business model is best characterized as long-duration public infrastructure concessions: high upfront capital intensity during build, followed by a steady-state maintenance and availability-payment annuity over decades.

Public-facing activities are limited to traditional community engagement (local TV and newspaper coverage, a newsletter, progress photo galleries, fly-through 3D animations, and commemorative merchandise) rather than commercial product distribution. PGG is a single-project entity: its customer base is functionally a single counterparty (ODOT), its operating geography is southern Ohio / the Appalachian region, and its headcount sits in the 101–250 range.

Name

Portsmouth Gateway Group

Legal name

Portsmouth Gateway Group

Website

https://pgg823.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Portsmouth Gateway Group is a private consortium that developed and now operates State Route 823, a 16-mile Ohio highway delivered under a 38-year Public Private Partnership with the Ohio Department of Transportation. Revenue is derived solely from government P3 payments for construction and long-term operations and maintenance.

Ownership category

akta.pro rank

Product category

Highway Infrastructure Development

NAICS

Highway, Street, and Bridge Construction (23731)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Roadside Vegetation & Right-of-Way (ROW) Management (TLAJAAAG)

Keywords

• Highway infrastructure construction
• Public private partnership
• Transportation infrastructure
• Highway operations maintenance
• Infrastructure project delivery

Headquarters

HQ city

Minford

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Public Private Partnership Revenue: PGG operates under a 38-year P3 agreement including Design, Construction, Finance, Operation and Maintenance over the project lifecycle. The three private partners invested equity into PGG that will operate and maintain the highway system for 35 years after construction completion. Revenue comes from government contracted payments for infrastructure delivery and long-term O&M services. The project received $209 million in federal funding.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Portsmouth Gateway Group (PGG) operates as the Developer under a 38-year Public Private Partnership (P3) with the Ohio Department of Transportation to design, build, finance, operate, and maintain State Route 823 (Southern Ohio Veterans Memorial Highway), a 16-mile controlled-access highway corridor in southern Ohio connecting US 52 to US 23. Following a 44-month construction period that moved more than 20 million cubic yards of earth, PGG now operates and maintains the highway under a 35-year post-construction O&M contract funded by federal and state government payments.

Product overview

Portsmouth Gateway Group operates as the Developer for Ohio's first Public Private Partnership highway project. The core offering is the State Route 823 (SR 823) Southern Ohio Veterans Memorial Highway - a 16-mile controlled-access highway connecting US 52 to US 23 in southern Ohio. Supporting services include newsletter subscription (Portsmouth Project Press), daily traffic updates, progress photo galleries, fly-through animation videos, and commemorative merchandise. The project was delivered via a 38-year total delivery contract including Design, Construction, Finance, Operation and Maintenance, with a 35-year post-construction operations and maintenance period.

Differentiator

Problem solved

Functional benefit

Products and services

• State Route 823 (SR 823) Southern Ohio Veterans Memorial Highway A 16-mile controlled-access highway corridor connecting US 52 from the south to US 23 in southern Ohio, delivered via a 38-year P3 contract that includes design, construction, finance, operation, and maintenance. Built over 44 months with 20 million cubic yards of earth moved, primarily rock. The highway serves as part of the Appalachian Development Highway System and is operated/maintained by PGG for 35 years after construction completion.
• Portsmouth Bypass 823 Commemorative Mugs Handcrafted commemorative mugs made by Ohio artisans using clays discovered within the project excavation, including the state of Ohio route number 823. Sold as branded memorabilia of the SR 823 project through an external craft store.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Ohio Department of Transportation (ODOT)coreStrategic or Co-development Partner · 24 June 2015ODOT administers the Public Private Partnership contract via a co-located office at the project site. ODOT District Nine based in Chillicothe provides experienced professionals for oversight. The project is delivered under a 38-year PPA binding PGG with detailed project, cost and time commitments.
• Dragados-USAcoreStrategic or Co-development Partner · 24 June 2015Lead partner in the Portsmouth Joint Venture (PJV), the construction company tasked with designing and building the project. Dragados-USA leads a joint venture with Beaver Excavating and John R Jurgensen.
• Beaver ExcavatingcoreStrategic or Co-development Partner · 24 June 2015Ohio-based construction firm and member of the Portsmouth Joint Venture (PJV) responsible for constructing the 16-mile highway project.
• John R JurgensencoreStrategic or Co-development Partner · 24 June 2015Ohio-based construction firm and member of the Portsmouth Joint Venture (PJV) responsible for constructing the 16-mile highway project.

Scale indicators6 records

Recent moves6 records

Expansion highlights2 records

Direct peers

• I-595 Express Corridor (I-595 Mobility Partners): Florida availability-payment P3 highway concession operated under a long-term DBFOM contract with FDOT by ACS/Iridium (Dragados parent). Most directly comparable U.S. P3 SPV to PGG: same concession structure, same Spanish sponsor DNA, and similar long-tail O&M economics.
• I-77 Express Lanes (I-77 Mobility Partners): North Carolina P3 managed-lanes concession developed by Cintra and lead construction by Dragados-USA — PGG's exact construction partner. Same DBFOM template, same Dragados-led JV, and same Spanish sponsor consortium footprint as PGG.
• Port Authority of Allegheny County (and other state DOT P3 SPVs): Other state-DOT concession SPVs delivering DBFOM highway/infrastructure projects in the U.S. Comparable contract architecture (design, build, finance, operate, maintain under long-term agreement with a state DOT) with similar O&M risk profile and capital structure.

Emerging players

• Dragados USA: PGG's lead construction JV partner and a major U.S. P3 heavy civil contractor (I-595, I-77, East Side Access). Comparable as the construction delivery arm executing the same DBFOM scope PGG manages, with identical technical and contract execution risk profile.
• InfraRed Capital Partners: A PGG equity sponsor and active infrastructure equity investor in North American P3 projects. Directly comparable as a long-term institutional capital provider underwriting multi-decade availability-payment concessions like PGG.
• Star America Infrastructure Partners: A PGG equity sponsor and U.S.-focused P3 infrastructure fund manager (e.g., Purdue Roadside, NY Penn Station LIRR concourse). Smaller and more emerging than the global majors, but operates the same P3 sponsor-and-develop model that PGG exemplifies.

Broad incumbents

• Macquarie Asset Management (MIRA): Global infrastructure investor with a large portfolio of U.S. and Canadian P3 highway concessions (e.g., I-95 Express Lanes, Goethals Bridge). Comparable as a co-investor/operator of long-life availability-payment highway assets alongside the InfraRed-style sponsor profile backing PGG.
• ACS Infrastructure Development: A PGG equity sponsor and one of North America's most active P3 highway developers (I-595, I-77). Operates the broader portfolio that PGG sits within, sharing the same concession-management playbook, O&M standards, and equity sponsor DNA.
• Cintra (Ferrovial subsidiary): One of the largest global toll-road and P3 highway concession developers and a sister company of ACS Infrastructure (a PGG sponsor). Indirectly comparable through its U.S. P3 portfolio (I-77, I-66, LBJ, NTE) which shares PGG's DBFOM economics and Spanish sponsor ecosystem.

Regional players

• John R. Jurgensen Company: Ohio-headquartered heavy/highway contractor and PGG JV partner. Regionally focused on Ohio, Indiana, Kentucky, and Tennessee DOT work with a portfolio directly comparable to the construction scope PGG oversaw.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/100064446081225
• Instagraminstagram.com/pgg823
• LinkedInlinkedin.com/company/portsmouth-gateway-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Portsmouth Gateway Group