Announced
Completed
Financials
Tags
Canada
maritime transportation
Marine Transportation
Acquisition
Cross Border
Majority
Private
Private Equity
Completed
Friendly
Single Bidder
Synopsis
Astatine Investment Partners, a private equity firm, completed the acquisition of McKeil Marine, a maritime transportation company. Financial terms were not disclosed. "We are excited to partner with one of the most innovative and trusted marine service providers in Canada. McKeil provides meaningful downside protection through its long-term inflation-linked contracts. There is also a tremendous opportunity to evolve its service offerings and strategically expand its diverse fleet. We look forward to working closely with McKeil’s management team and talented crew to further build upon its market leadership and historical growth," Jim Metcalfe, Astatine CEO and Co-Managing Partner.
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