Waterland completed its acquisition of Marinetrans and Best Global Logistics.

Waterland, a private equity firm, completed its acquisition of Marinetrans, a provider of transportation services, and Best Global Logistics, third-party logistics service provider. Financial terms were not disclosed. The operations, legal entities, management teams and shareholders of Marinetrans and Best Global Logistics will be combined into one group under a new joint holding company: Global Transport Solutions. GTS will continue to accelerate the growth path followed by Marinetrans and BGL in the past few years. In addition, it will focus on expanding the transport and warehouse network of the two companies, open new offices worldwide to better serve customers locally in commercially attractive countries, and invest in its proprietary IT platform, innovation and integration. “We are excited about combining BGL and Marinetrans and teaming up with Waterland, who we believe is the right partner for BGL and Marinetrans to accelerate the combined companies’ growth and continue their track record of solid organic expansion,” Jorgen Fausko, Marinetrans Founder and CEO.