M&A Deal Summary

Blue Wolf Capital Partners, Stonepeak and Yellow Point Equity Partners Acquire Logistec

On October 16, 2023, private equity firm Blue Wolf Capital Partners, infrastructure investor Stonepeak and private equity firm Yellow Point Equity Partners acquired transportation company Logistec for 1.2B USD

Acquisition Highlights
  • This is Blue Wolf Capital Partners’ 2nd, Stonepeak’s 5th and Yellow Point Equity Partners’ 2nd transaction in the Transportation sector.
  • This is Blue Wolf Capital Partners’ , Stonepeak’s 8th and Yellow Point Equity Partners’ largest (disclosed) transaction.
  • This is Blue Wolf Capital Partners’ 2nd, Stonepeak’s 2nd and Yellow Point Equity Partners’ 26th transaction in Canada.
  • This is Blue Wolf Capital Partners’ 1st, Stonepeak’s 1st and Yellow Point Equity Partners’ 1st transaction in Quebec.

M&A Deal Summary

Date 2023-10-16
Target Logistec
Sector Transportation
Buyer(s) Blue Wolf Capital Partners
Stonepeak
Yellow Point Equity Partners
Deal Type Going Private
Deal Value 1.2B USD
Advisor(s) TD Securities (Financial)
Fasken Martineau DuMoulin LLP
K&L Gates LLP (Legal)

Target

Logistec

Montreal, Quebec, Canada
website
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.

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Buyer(S) 3

Buyer

Blue Wolf Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Wolf Capital Partners is a private equity investment firm that targets control investments in middle-market North American companies. Blue Wolf looks to commit at least $25 million of equity capital in businesses with minimum revenues of $50 million. Blue Wolf is a generalist firm with broad interest in service and applied engineering companies, capital equipment manufacturers, general manufacturing, financial services, paper products, and broadcast media. Blue Wolf will also consider distressed situation investments. The Firm does not invest in start-ups. Blue Wolf Capital Partners was formed in 2005 and is located in New York, New York.


DEAL STATS #
Overall 34 of 34
Sector (Transportation) 2 of 2
Type (Going Private) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2023) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-08 Sterling

Phoenix, Illinois, United States

Sterling is a provider of mission critical site access solutions in North America. The Company offers a comprehensive suite of products and services including site planning and design, mat rentals and sales, site preparation, mat installation, and final mat removal and site restoration. It serves blue-chip customers in the power transmission and distribution, civil infrastructure, and energy sectors. Sterling was formed in 1949 and is based in Phoenix, Illinois.

Buy -
Buyer

Stonepeak

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 35 of 36
Sector (Transportation) 5 of 5
Type (Going Private) 3 of 4
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2023) 2 of 3
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Cellnex Nordics

Sweden

Cellnex Nordics provides mobile network operators with colocation services for their wireless networking equipment through a network totalling 4k+ sites across Sweden and Denmark today. The Cellnex Nordics business holds commitments and options to build and operate approximately 2,500 additional sites in the region, positioning it well for continued organic growth.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-22 Textainer

Hamilton, Bermuda

Textainer is a lessor of intermodal containers with more than 4 million TEU in its managed fleet. The company's fleet consists of standard dry freight, refrigerated intermodal containers, and dry freight specials. Textainer also leases tank containers through its relationship with Trifleet Leasing and is a supplier of containers to the U.S. Military. In addition to selling older containers, it buys older containers from shipping line customers for trading and resale. Textainer was founded in 1979 and is based in Hamilton, Bermuda.

Buy $7.4B
Buyer

Yellow Point Equity Partners

Vancouver, British Columbia, Canada

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Yellow Point Equity Partners is a private equity group focused on management buyouts and growth investments in mid-sized companies located in Western Canada and the Northwest of the US. Yellow Point will consider opportunities in a wide range of sectors, including basic manufacturing, technology, communications, energy, financial, healthcare, and services. The Firm 'gravitates' towards businesses with established market positions and 'compelling' products. Yellow Point Equity Partners was formed in 2004 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 27 of 27
Sector (Transportation) 2 of 2
Type (Going Private) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 26 of 26
Year (2023) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 Alpine

Delta, British Columbia, Canada

Alpine is a provider of premium facility cleaning and maintenance services. Alpine has been proudly serving building and facility managers for over 40 years. We are dedicated to delivering exceptional services and value. We firmly believe in the core values of hard work, dedication, quality workmanship, and open communication. Alpine was founded in 1980 and is based in Delta, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 MacKay CEO Forums

Vancouver, British Columbia, Canada

MacKay CEO Forums provides professionally facilitated peer learning groups for CEOs, executives, and business owners. The company accelerates the performance of results-oriented business leaders through its efficient time requirements and high-impact approach. MacKay CEO Forums’ groups are formed to leverage members’ complementary strengths, providing real-world solutions to challenges faced by executives at any stage of their career. MacKay CEO Forums was founded in 2005 and is based in Vancouver, British Columbia.

Sell -