Willkie is advising Blue Wolf Capital Partners LLC on its proposed acquisition of LOGISTEC Corporation, a leading North American marine terminal operator, in an approximately $1.2 billion take-private transaction.

On October 16, LOGISTEC announced that it entered into an arrangement agreement with 1443373 B.C. Unlimited Liability Company (the purchaser), an entity owned by certain funds managed by Blue Wolf, pursuant to which the purchaser will acquire, subject to customary closing conditions, all the issued and outstanding shares of LOGISTEC for $67.00 in cash per share, representing a total enterprise value of approximately $1.2 billion.

LOGISTEC is based in Montréal and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in 60 ports and 90 terminals located in North America.

Blue Wolf is funding its portion of the purchase price with capital it manages on behalf of its limited partners via private equity fund capital as well as select co-investors, together with an additional preferred investment in the purchaser by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets.

The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (Québec) and is expected to close in the first quarter of 2024. Following completion of the transaction, LOGISTEC will become a privately held company and will no longer be publicly traded on the Toronto Stock Exchange.

Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors.

The Willkie team was led by partner Laura Delanoy and included partners Christopher Peters and Isabel Araujo and associates Tyler Born and Daniela Abadi.