Rand Logistics, Inc.

Rand Logistics, Inc. specializes in bulk freight shipping services, facilitating the transportation of goods across the Great Lakes and Seaway region with a diverse fleet of twenty-two vessels. Rand Logistics, Inc. , founded in 2004 and headquartered in Williamsville, US, provides maritime transportation services focusing on bulk freight.

The company has made two deals to date, with its most recent deal occurring on February 17, 2021. Oaktree Capital Management acquired a minority stake in Rand Logistics from American Industrial Partners, positioning the company for growth in the U. S. and Canadian industrial infrastructure markets.

The founder's prior history is not publicly available. Rand Logistics operates a fleet of twenty-two vessels, including eighteen self-unloading bulk carriers, three self-unloading tug/barge units, and one conventional bulk carrier. The company offers domestic port-to-port shipping services across Canada and the U. S.

, serving manufacturers, suppliers, and distributors. Its primary operations cover major routes from Chicago to Duluth and Detroit to Montreal, catering to industries such as agriculture, construction, and manufacturing with reliable transportation of bulk commodities. In the year 2016, Rand Logistics reported a revenue of USD 114. 00 mn and an EBITDA of USD 21.

70 mn, generating income through contracts and agreements for maritime transportation services tailored to meet the shipping needs of various businesses. Following the recent investment from Oaktree Capital Management, which is expected to close by the end of February 2021, Rand Logistics plans to enhance its operational scale and connectivity to ports across the Great Lakes. The company's strategy includes developing stronger connections with partners like Watco to improve its infrastructure and services. Specific details regarding new product launches or geographic expansion have not been disclosed.