Rand Logistics - M&A Summary, Ownership, and Business Overview

TransportationCompany

Rand Logistics M&A Summary

Rand Logistics has acquired 3 companies of its own, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms.

Rand Logistics has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include marine (67%) and transportation (34%).

Rand Logistics Ownership

Who owns Rand Logistics?

Rand Logistics is owned by American Industrial Partners. It was acquired on November 21, 2017.

Is Rand Logistics PE-backed?

Yes. Rand Logistics is owned by private equity investor American Industrial Partners.

Rand Logistics Business Overview

Where is Rand Logistics headquartered?

Rand Logistics is headquartered in Jersey City, New Jersey.

What is Rand Logistics’ revenue?

Rand Logistics disclosed revenue of 315M USD for 2021 and 115M USD for 2017.

How many employees does Rand Logistics have?

Rand Logistics has 515 employees.

What sector is Rand Logistics in?

Rand Logistics is a transportation company.

When was Rand Logistics founded?

Rand Logistics was founded in 1994.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2

Rand Logistics

Rand Logistics, Inc.

333 Washington Street, Suite 201,
Jersey City, New Jersey 07302
United States,
(212) 644-3450
www.randlogisticsinc.com

Rand Logistics is a provider of bulk freight shipping services throughout the Great Lakes region. Through its subsidiaries, the Company operates a fleet of three conventional bulk carriers and twelve self-unloading bulk carriers including three tug/barge units. The Company is the only carrier able to offer significant domestic port-to-port services in both Canada and the U.S. on the Great Lakes.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 1 - - - 1 3
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Andrie, Inc. 2024-07-31 - Add-on Acquisition
Muskegon, Michigan · www.andrietg.com
American Steamship Co. 2020-02-10 - Divestiture
Williamsville, New York · www.americansteamship.com
Lower Lakes Towing, Ltd. 2005-09-06 - Add-on Acquisition
Port Dover, Ontario
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Marine 2 (67%) - - -
Transportation 1 (33%) - - -
Total 3 - - -

By Geo

State/Country Buy Value Sell Value
United States 2 - - -
  New York 1 - - -
  Michigan 1 - - -
Canada 1 - - -
  Ontario 1 - - -
Domestic 2 (67%) - - -
Cross-border 1 (33%) - - -
Total 3 - - -

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Strategic(s)
33%
1 (33%)

Company Summary

SECTOR

Transportation

Revenue

315   2021
115   23% 2017
148   3% 2016
152   2% 2015
155   1% 2014
156   2013
(millions of USD) Show More Show Less

Employees

515

Established

1994

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