LOGISTEC Acquired by Blue Wolf Capital Partners

By GLSR Staff  |  Cargo & Commodities, Latest News, Operations
One of the largest cargo handling companies in North America is under new ownership. Blue Wolf Capital Partners LLC, a middle market private equity firm specializing in the industrial and healthcare sectors, has completed its acquisition of Montreal-based LOGISTEC Corporation. Blue Wolf partnered with Stonepeak, an investment firm specializing in infrastructure and real assets, to complete the C$1.2 billion purchase.  

 Since its founding more than 70 years ago, LOGISTEC has expanded into a diversified corporation offering a range of marine and environmental services in the North American market. It currently operates in 60 ports and 90 terminals across the continent. Following this transaction, LOGISTEC’s headquarters will remain in Montreal. 

 “LOGISTEC has a well-earned reputation for operational excellence providing marine and environmental services across critical infrastructure and industrial markets,” said Bennet Grill, partner at Blue Wolf and incoming chairman at LOGISTEC. “We are excited to support LOGISTEC’s exceptional team providing safe, sustainable and creative solutions for their customers and invest in the company’s next phase of growth.” 

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