M&A Deal Summary

Rand Logistics Acquires Lower Lakes Towing

On September 6, 2005, Rand Logistics acquired marine company Lower Lakes Towing

Acquisition Highlights
  • This is Rand Logistics’ 1st transaction in the Marine sector.
  • This is Rand Logistics’ 1st transaction in Canada.
  • This is Rand Logistics’ 1st transaction in Ontario.

M&A Deal Summary
Date 2005-09-06
Target Lower Lakes Towing
Sector Marine
Buyer(s) Rand Logistics
Deal Type Add-on Acquisition
Advisor(s) League Park Advisors LLC (Financial)

Target

Lower Lakes Towing

Port Dover, Ontario, Canada
Lower Lakes Towing, Ltd. along with its subsidiary provides bulk freight shipping services.

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Buyer(S) 1

Buyer

Rand Logistics

Jersey City, New Jersey, 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 both Canada and the U.S. on the Great Lakes.

DEAL STATS #
Overall 1 of 3
Sector (Marine) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 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.

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