Blue Wolf Capital's Acquisition of LOGISTEC Corporation: A Strategic Partnership for Growth

LOGISTEC Corporation, a Montreal-based company specializing in marine and environmental services, has been acquired by Blue Wolf Capital Partners LLC. In partnership with Stonepeak, a leading alternative investment firm, Blue Wolf finalized the transaction valued at approximately C$1.2 billion. This acquisition highlights Blue Wolf's commitment to the industrial sector and its dedication to fostering growth in North American industries.

LOGISTEC has a strong reputation for operational excellence, providing critical services in marine and environmental sectors across North America. With operations in 60 ports and 90 terminals, LOGISTEC has established a prominent presence in the market. Following the acquisition, LOGISTEC's headquarters will remain in Montreal, ensuring continuity and stability for the company.

The appointment of Sean Pierce as Chief Executive Officer (CEO) of LOGISTEC brings a wealth of global industry expertise and strategic leadership to the company. With over 35 years of experience in the marine sector, Mr. Pierce has held various senior executive roles, demonstrating his ability to drive organizational success. His deep understanding of the industry and commitment to innovation will be instrumental in leading LOGISTEC into its next phase of development.

The new board of LOGISTEC, comprising representatives from Blue Wolf and Stonepeak, as well as industry veterans Jean-Jacques Ruest and Michael Moore, will provide valuable expertise and guidance to support the company's growth trajectory.

Bennet Grill, Partner at Blue Wolf and incoming Chairman at LOGISTEC, expressed excitement about the future partnership, stating, "We are excited to support LOGISTEC's exceptional team providing safe, sustainable, and creative solutions for their customers and invest in the company's next phase of growth." The strategic alliance between Blue Wolf and Stonepeak will facilitate further expansion and enable LOGISTEC to continue providing specialized services to its diversified global customer base through its terminal operations.

The acquisition of LOGISTEC by Blue Wolf was made possible with the assistance of TD Securities Inc., acting as exclusive financial advisor to LOGISTEC, and Blair Franklin Capital Partners Inc., acting as an independent financial advisor to the company's Special Committee. Rothschild & Co provided exclusive financial advisory services to Blue Wolf in the transaction. Legal advisory support was provided by Stikeman Elliott LLP, acting as independent legal advisor to LOGISTEC's Special Committee, and Fasken Martineau DuMoulin LLP and K&L Gates LLP, serving as legal advisors to LOGISTEC. McCarthy Tétrault LLP and Willkie Farr & Gallagher LLP acted as legal advisors to Blue Wolf.

LOGISTEC Corporation has been a key player in the marine community and industrial sectors, offering specialized services in bulk, break-bulk, and container cargo handling across North America. The company also provides marine transportation services and operates in the environmental industry, offering a range of services for water mains, dredging, site remediation, and more.

Blue Wolf Capital Partners LLC is a private equity firm with a focus on value investments in middle market companies in the healthcare and industrial sectors. The firm's integrated team of investment professionals and veteran operating executives work collaboratively to drive transformational change and generate returns. Blue Wolf seeks investment opportunities that involve organizational transformation, complex union or human capital issues, significant government presence, or the opportunity to use ESG-informed strategies.

Stonepeak is an alternative investment firm specializing in infrastructure and real assets, with a focus on creating value for investors and portfolio companies through defensive, hard-asset businesses globally. Stonepeak sponsors investment vehicles focused on private equity and credit, providing capital, operational support, and committed partnership to grow investments in various sectors, including communications, energy and energy transition, transport and logistics, social infrastructure, and real estate.

The strategic partnership formed through Blue Wolf's acquisition of LOGISTEC Corporation signals a new era of growth and innovation for both companies. With the collective expertise and resources of Blue Wolf and Stonepeak, LOGISTEC is poised to expand its reach and continue providing exceptional services to its customers in North America and beyond. The acquisition is a testament to the confidence and belief in the potential of LOGISTEC's future success.