M&A Deal Summary

Algoma Acquires American Steamship Co. - River-Class Vessels

On December 21, 2017, Algoma acquired transportation company American Steamship Co. - River-Class Vessels from American Steamship

Acquisition Highlights
  • This is Algoma’s 1st transaction in the Transportation sector.
  • This is Algoma’s 1st transaction in the United States.
  • This is Algoma’s 1st transaction in New York.

M&A Deal Summary

Date 2017-12-21
Target American Steamship Co. - River-Class Vessels
Sector Transportation
Buyer(s) Algoma
Sellers(s) American Steamship
Deal Type Divestiture

Target

American Steamship Co. - River-Class Vessels

Williamsville, New York, United States
American Steamship Co. - River-Class Vessels consists of Algoma Sault, Algoma Innovator, Algoma Buffalo and the Algoma Compass which provides transportation services.

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Buyer(S) 1

Buyer

Algoma

St. Catharines, Ontario, Canada

Category Company
Founded 1899
Sector Transportation
Employees1,600
Revenue 703M CAD (2024)
DESCRIPTION

Algoma is a provider of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry bulk carriers and product tankers. It also owns ocean self-unloading dry-bulk vessels operating in international markets. Algoma was founded in 1899 and is based in St. Catharines, Ontario.


DEAL STATS #
Overall 1 of 2
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2017 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-22 EnCore Composite Structures

Brea, California, United States

EnCore Composite Structures, Inc. is a designer and manufacturer of complex composite components and assemblies for the aerospace industry. EnCore Composite Structures is based in Brea, California.

Buy -

Seller(S) 1

SELLER

American Steamship

Williamsville, New York, United States

Category Company
Founded 1907
Sector Transportation
DESCRIPTION

American Steamship is a provider of marine transportation and shipping services. American Steamship was founded in 1907 and is based in Williamsville, New York.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1