M&A Deal Summary

Logistec Acquires Pensacola Stevedore Co.

On May 25, 2018, Logistec acquired transportation company Pensacola Stevedore Co.

Acquisition Highlights
  • This is Logistec’s 3rd transaction in the Transportation sector.
  • This is Logistec’s 4th transaction in the United States.
  • This is Logistec’s 1st transaction in Florida.

M&A Deal Summary

Date 2018-05-25
Target Pensacola Stevedore Co.
Sector Transportation
Buyer(s) Logistec
Deal Type Add-on Acquisition

Target

Pensacola Stevedore Co.

Pensacola, Florida, United States
Pensacola Stevedore Co., Inc. is a provider of cargo handling and distribution services. Pensacola Stevedore Co., Inc. is based in Pensacola, Florida.

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Buyer(S) 1

Buyer

Logistec

Montreal, Quebec, Canada

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 5 of 5
Sector: Transportation M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 5
State: Florida M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2018 M&A 3 of 3
PREVIOUS 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.

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