Rand Logistics’ Acquisition of American Steamship Co.


Ropes & Gray represented Rand Logistics Inc. in the transaction.

Rand Logistics, Inc. has entered into a stock purchase agreement to acquire American Steamship Company from GATX Corporation.

The combination of Rand and ASC will create the largest and most diverse fleet on the Great Lakes, serving different and highly complementary markets with multiple self-unloading vessel classes.

Rand is an affiliate of American Industrial Partners and provides dry bulk shipping services throughout the Great Lakes region.

American Steamship operates the largest fleet of U.S. flagged vessels on the Great Lakes, providing waterborne transportation of over 27 million tons annually of dry bulk commodities such as iron ore, coal and limestone on vessels ranging in size from 634 feet to over 1000 feet.

The Ropes & Gray team advising Rand Logistics was led by private equity partner Daniel Evans (Picture; New York), and included finance partner Stefanie Birkmann (New York), tax partner Benjamin Rogers (San Francisco), intellectual property transactions partner Violetta Kokolus(New York), benefits partner Alexandra Alperovich (New York), real estate partner Peter Alpert (Boston), and labor & employment partner Megan Bisk (Boston). The team also included private equity associates Jessica Lepper and Todd Kornreich, finance associate Scott Rolnik, tax & benefits associates Aaron Lichter, Michael Stern and Christa Sanchez (all of New York), strategic transactions associate Steven Obiajulu (Chicago), real estate associates Peter Chatigny (Washington, D.C.) and Caitlin O’Connell (New York), senior labor & employment attorney William Dunham and labor & employment associate Rebecca Mitchell (both of Boston), real estate counsel Owen LaFreniere, litigation & enforcement counsel Lee Gayer and litigation & enforcement associate Patrick Doherty (all of New York) and corporate associates Darius Hands and Lauren Nickoloff, (both of New York) and Anne Loeb (Boston).

Involved fees earner: Alexandra Alperovich – Ropes & Gray; Peter Alpert – Ropes & Gray; Stefanie Birkmann – Ropes & Gray; Megan Bisk – Ropes & Gray; Peter Chatigny – Ropes & Gray; Patrick Doherty – Ropes & Gray; William Dunham – Ropes & Gray; Daniel Evans – Ropes & Gray; Lee Gayer – Ropes & Gray; Darius Hands – Ropes & Gray; Violetta Kokolus – Ropes & Gray; Todd Kornreich – Ropes & Gray; Owen LaFreniere – Ropes & Gray; Jessica Anne Lepper – Ropes & Gray; Aaron Lichter – Ropes & Gray; Anne Loeb – Ropes & Gray; Rebecca Mitchell – Ropes & Gray; Lauren Nickoloff – Ropes & Gray; Steven Obiajulu – Ropes & Gray; Caitlin O’Connell – Ropes & Gray; Benjamin Rogers – Ropes & Gray; Scott Rolnik – Ropes & Gray; Christa Sanchez – Ropes & Gray; Michael Stern – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Rand Logistics;