LOGISTEC, a North American marine terminal and logistics services provider and backed by Blue Wolf Capital Partners, has bought Travero’s Logistics Park Dubuque, a multi-purpose marine terminal located on the Upper Mississippi River in East Dubuque, Ill.
The transaction expands LOGISTEC’s inland waterways network and strengthens routing options for agricultural, manufacturing and energy supply chains across the U.S. Midwest and Gulf Coast. LPD operates a 100-acre multimodal terminal that handles, stores and loads bulk and breakbulk commodities across barge, rail and truck transport. The facility provides direct rail connectivity through CN Rail and barge access to the Upper Mississippi River, serving manufacturers and industrial customers in the agriculture, steel, manufacturing and energy sectors throughout the region.
Berenson & Co. served as financial advisor to LOGISTEC and King & Spalding acted as legal advisor, while RJM & Company advised Travero on the transaction and Chapman & Cutler provided legal counsel.