Rand Logistics Acquires Andrie

By GLSR Staff  |  Cargo & Commodities, Latest News
Rand Logistics, Inc. has acquired Andrie, LLC, a leading marine transporter of liquid bulk commodity goods, from Auxo Investment Partners. Financial terms of the transaction were not disclosed.

Based in Muskegon, Michigan, Andrie is a bulk transporter of specialty liquid products including asphalt, cement, refined oil products and calcium chloride. Andrie serves a diverse set of blue-chip customers, connecting flagship North American production assets with distribution networks throughout the Great Lakes region via its diverse fleet of specialty vessels. Andrie will continue to be led by CEO Sven Christensen and the current management team, and will operate as a Rand business under the existing Andrie brand.

Rand currently operates a 21-vessel fleet and transports dry commodities including iron ore, aggregates, grain, metallurgical coal and salt. With the addition of Andrie, Rand will expand its service offering to include the bulk transport of both dry and liquid commercial products for customers in the Great Lakes region. Rand is a portfolio company of Duration Capital Partners, a newly formed private investment firm focused on North American transportation infrastructure.

 

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