An entity owned by certain funds managed by Blue Wolf Capital Partners in partnership with Stonepeak has plans to acquire LOGISTEC Corporation, representing a $1.2 billion deal.
“Blue Wolf is excited to enter the Québec market with this acquisition, which represents excellent prospects for continued growth for both of the corporation's business segments and throughout North America,” said Bennet Grill, principal at Blue Wolf.
Blue Wolf's business plan is anchored in making significant contributions to the business and to the Québec and Canadian economy, including:
Maintaining LOGISTEC's head office in the province of Québec;
Working with the current management teams to drive continued growth in the operations and employment of the business;
Planning future investment of more than $200 million in capital expenditures and growth initiatives; and
Continuing contributions to current charitable and social causes in Québec supp