M&A Deal Summary

Logistec Acquires GSM Maritime Holdings

On March 1, 2018, Logistec acquired marine company GSM Maritime Holdings from The CapStreet Group for 66M USD

Acquisition Highlights
  • This is Logistec’s 1st transaction in the Marine sector.
  • This is Logistec’s largest (disclosed) transaction.
  • This is Logistec’s 2nd transaction in the United States.
  • This is Logistec’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-03-01
Target GSM Maritime Holdings
Sector Marine
Buyer(s) Logistec
Sellers(s) The CapStreet Group
Deal Type Add-on Acquisition
Deal Value 66M USD

Target

GSM Maritime Holdings

Houston, Texas, United States
website
Gulf Stream Marine is a leading marine terminal operator and marine cargo handling company in the U.S. Gulf Coast region. The company services include cargo-handling, warehousing, and other value-added services primarily to shipping companies, third party logistics providers, and manufacturers. Gulf Stream Marine operates at seven terminals in four ports, including Houston, Texas; Corpus Christi, Texas; Freeport, Texas; and Brownsville, Texas.

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Buyer(S) 1

Buyer

Logistec

Montreal, Quebec, Canada

website

Category Company
Founded 1952
Sector Transportation
Revenue 898M CAD (2022)
DESCRIPTION

Logistec is a provider of a marine and environmental services. It offers marine transportation services geared primarily to the Arctic coastal trade, short-line rail transportation services, as well as marine agency services to foreign shipowners and operators serving the Canadian market. Logistec was founded in 1952 and is based in Montreal, Canada.

DEAL STATS #
Overall 3 of 5
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Texas) 1 of 2
Country (United States) 2 of 4
Year (2018) 1 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 FER-PAL Construction

Toronto, Ontario, Canada

FER-PAL Construction Ltd. is a trenchless technology company that offers complete water main rehabilitation solutions. FER-PAL Construction Ltd. was founded in 1986 and is based in Toronto, Ontario.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 Gulf Stream Marine

Houston, Texas, United States

Gulf Stream Marine, Inc. is a provider of cargo handling, stevedoring and terminal services for logistics firms. The company's services include cargo handling and other value-added services primarily for ocean carriers, shipping companies, third-party logistics providers and manufacturers. GSM is the dominant break-bulk stevedoring company at the Port of Houston, which is the largest break-bulk port in the United States. Gulf Stream Marine, Inc. was founded in 1990 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

The CapStreet Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1990
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The CapStreet Group is a private equity firm that primarily invests in businesses that were previously owned by entrepreneurs, families or other non-institutional investors. CapStreet typically looks for control investment situations, and has a preference for businesses located in the Southwest US. CapStreet typically invests between $10 million and $25 million of equity in companies valued less than $150 million. The CapStreet Group was formed in 1990 and is based in Houston, Texas.

DEAL STATS #
Overall 20 of 29
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 6 of 10
State (Texas) 14 of 23
Country (United States) 20 of 29
Year (2018) 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 Eads Distribution

Stafford, Texas, United States

Eads Distribution is one of the foremost flow control distributors of instrumentation and valves in the U.S. Eads Distribution supplies solutions in filtration & separation, valves & automation, instrumentation & control, and corrosion-resistant products to the chemical, petrochemical, refining, power, packaging and general industrial markets. Company create a competitive advantage for our customers through long-term relationships based on the experience of our industry experts and our passion for doing the job right, every time. When you need solutions, we are Your Go-To.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 Gulf Stream Marine

Houston, Texas, United States

Gulf Stream Marine, Inc. is a provider of cargo handling, stevedoring and terminal services for logistics firms. The company's services include cargo handling and other value-added services primarily for ocean carriers, shipping companies, third-party logistics providers and manufacturers. GSM is the dominant break-bulk stevedoring company at the Port of Houston, which is the largest break-bulk port in the United States. Gulf Stream Marine, Inc. was founded in 1990 and is based in Houston, Texas.

Sell -
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