Enstructure adds LOGISTEC Marine Terminal Division
The acquisition adds 62 ports and 84 terminals to Enstructure's footprint, extending the Blue Wolf-backed platform's reach across Canada and the United States.
Takeaways
- LOGISTEC Marine Terminal Division is a bulk, breakbulk, and container cargo-handling and logistics services.
- The target serves marine and industrial companies across North America.
- Disclosed scale includes 62 ports and 84 terminals.
Blue Wolf Capital Partners has combined its terminal logistics platform Enstructure with the marine terminal division of LOGISTEC, a Montréal-based operator of bulk, breakbulk, and container cargo-handling services across North America.
The division operates 62 ports and 84 terminals, broadening Enstructure's footprint into Canada and complementing its existing U.S. East Coast, Gulf Coast, and inland river system operations.
Blue Wolf will remain an investor in the combined business and will retain majority ownership of LOGISTEC's former Environmental Services division, comprising CoreAqua and Sanexen.
Blackstone Credit & Insurance, a partner to Enstructure since 2022, and OMERS provided debt financing; Viking Global Investors contributed incremental equity capital.
Enstructure was founded in 2016 and is led by Co-CEOs Philippe De Montigny and Matthew Satnick.
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