Private equity firm Oaktree Capital Management agreed to acquire a minority stake in Rand Logistics, a Great Lakes marine transportation infrastructure platform, from American Industrial Partners. Financial terms were not disclosed. "We are thrilled to partner with Oaktree as we work to realize our vision for Rand as the premier marine and logistics provider in the most important industrial region in the United States, and possibly the world. As one of the only infrastructure managers with a strategy dedicated exclusively to transportation assets, Oaktree is positioned to assist AIP and the Company in ushering Rand to its next stage of scale and growth, and cementing its position as one of the foremost US and Canadian industrial infrastructure companies. We are excited to welcome them to the Rand team," Jason Perri, AIP Partner.