M&A Deal Summary

Rand Logistics Acquires American Steamship

On February 10, 2020, Rand Logistics acquired transportation company American Steamship from GATX

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

M&A Deal Summary

Date 2020-02-10
Target American Steamship
Sector Transportation
Buyer(s) Rand Logistics
Sellers(s) GATX
Deal Type Divestiture

Target

American Steamship

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

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Rand Logistics

Williamsville, New York, United States

Category Company
Founded 1994
Sector Transportation
Employees515
Revenue 315M USD (2021)
DESCRIPTION

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 Canada. Rand Logistics was founded in 1994 and is based in Williamsville, New York.


DEAL STATS #
Overall 2 of 3
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 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-06 Lower Lakes Towing

Port Dover, Ontario, Canada

Lower Lakes Towing, Ltd. along with its subsidiary provides bulk freight shipping services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Andrie

Muskegon, Michigan, United States

Andrie is a maritime company which focuses on marine transportation and specialized marine solutions. Andrie was founded in 1988 and is based in Muskegon, Michigan.

Buy -

Seller(S) 1

SELLER

GATX

Chicago, Illinois, United States

Category Company
Founded 1898
Sector Transportation
Employees2,150
Revenue 1.6B USD (2024)
DESCRIPTION

GATX is a finance and leasing company that leases, operates, manages, and remarkets assets in the rail and marine markets. GATX was founded in 1898 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 4
Sector: Transportation M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: New York M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-01 Tank Storage Interests - GATX

Singapore

Tank Storage Interests - GATX include include facilities in Singapore, Malaysia, China, and Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-23 DB Cargo s 6 000 Freight Railcars

Mainz, Germany

DB Cargo's 6,000 Freight Railcars comprise a diverse mix of wagon types used in European rail freight operations. DB Cargo's 6,000 Freight Railcars is based in Mainz, Germany.

Buy -