LOGISTEC Corporation’s acquisition of Gulf Stream Marine

DLA Piper represented LOGISTEC Corporation (TSX: LGT.A and LGT.B) in its strategic acquisition of Gulf Stream Marine.

This transaction will allow LOGISTEC to establish a stronghold in the Gulf region, strengthen its position in a high-growth market in the United States, provide access to an experienced talent pool, facilitate knowledge transfer between the two organizations and generate immediate positive benefits to shareholders.

This acquisition also represents a major expansion of LOGISTEC’s network of terminals in the United States. With Gulf Stream Marine’s ten terminals in five ports, Logistec’s cargo handling activities now cover 58 terminals in 35 ports in North America.

Logistec Corporation is a stevedoring and terminal operator in eastern Canada. The Company, led by Madeleine M Paquin, Mario Blanchet and Suzanne Paquin, operates ports in eastern Canada and the United States. In 2017 Logistec Corporation recorded C$343 Million Revenues.

The DLA Piper team was led by partner Jason Whiteley (Picture) and associates Jibin Luke and Jiha Ko (all Houston), and included partners David Durham (San Francisco), Nathaniel McKitterick (Silicon Valley) and Frank Mugabi (New York), senior counsel Sandra Bell (Washington, DC), and associateWitold Jurewicz (New York).

Willkie represented GSM Maritime Holdings, LLC with a team including Bruce Herzog (Picture) and Angela Olivarez and included partners Robert Jacobson and Mark Holdsworth; counsel William Thomas and Andrew Spital; and associates Garrett Johnston, Jennifer Johnson, Colin Mize, Yaniv Maman, Isabel Araujo, Sherrone Torres, Elizabeth Case, Jason Raylesberg, Matthew Makover and Kyle Burns.

 

Involved fees earner: Bruce Herzog – Willkie Farr & Gallagher; Angela Olivarez – Willkie Farr & Gallagher; Garrett Johnston – Willkie Farr & Gallagher; Jennifer Johnson – Willkie Farr & Gallagher; Robert Jacobson – Willkie Farr & Gallagher; Yaniv Maman – Willkie Farr & Gallagher; Mark Holdsworth – Willkie Farr & Gallagher; Andrew Spital – Willkie Farr & Gallagher; Isabel Araujo – Willkie Farr & Gallagher; William Thomas – Willkie Farr & Gallagher; Elizabeth Case – Willkie Farr & Gallagher; Matthew Makover – Willkie Farr & Gallagher; Jason Whiteley – DLA Piper; Jibin Luke – DLA Piper; Jiha Ko – DLA Piper; Nathaniel McKitterick – DLA Piper; Frank Ikonero Mugabi – DLA Piper; Witold Jurewicz – DLA Piper; Sandra Lee Bell – DLA Piper;

Law Firms: Willkie Farr & Gallagher; DLA Piper;

Clients: Logistec Corporation; Gulf Stream Marine;

 

Avatar

Author: Ambrogio Visconti