Enstructure Completes Logistec Terminals Acquisition

Enstructure, an East Coast terminal and logistics company, recently announced the successful acquisition of Logistec’s marine services division. The company now operates 106 terminals across 30 states and provinces with the acquisition broadening the company’s reach along the Gulf Coast. The news follows the Enstructure’s original announcement in June.

“Today marks a defining milestone for Enstructure and Logistec and the beginning of an exciting new chapter for our combined team,” said Philippe De Montigny, co-CEO of Enstructure. “Our organizations share a deep commitment to safety, operational excellence and customer service. By bringing together Enstructure’s and Logistec’s talented employees, longstanding customer partnerships and complementary terminal networks and capabilities, we are creating new opportunities for our customers, our people and the communities we serve across the United States and Canada.”

After combining forces with Logistec, Enstructure now operates more than 3,000 waterfront acres and 12.5 million square feet of warehousing and is expected to handle 700 million tons of cargo annually. The acquisition also will expand Enstructure’s capacity and logistics involving bulk, breakbulk, container and multimodal operations.

The combined network gives shippers access to additional deepwater berths, storage facilities and inland transportation connections across major North American trade corridors. Enstructure said the broader footprint will support cargo transfers among vessels, railroads and trucks while allowing customers to use a single terminal operator in more markets and regions.

“The acquisition of Logistec advances our vision to build a modern terminal and logistics company that connects critical infrastructure, warehousing and supply chain services into one integrated marine terminal network,” said Matthew Satnick, co-CEO of Enstructure. “Together with Logistec, we have the scale, capabilities and talent to provide an enhanced service offering and greater market access for our customers. We are excited to invest in our marine terminal network and use our expanded scale, expertise and connectivity to enable our customers to move cargo more efficiently and reliably.”

Enstructure intends to keep Logistic’s headquarters in Montreal, Quebec, and employees will also remain with the company. Blue Wolf Capital Partners also will continue to be an investor for the business.

“This transaction brings together highly complementary businesses anchored by critical infrastructure, deep operating expertise and strong customer relationships across North America,” said Mark Rutledge, senior managing director at Blackstone Credit & Insurance. “Since 2022, our nearly $2 billion total investment across Enstructure’s capital structure reflects BXCI’s strong conviction in the company and our ability to provide flexible capital at scale. We are proud to deepen our partnership and support the company’s next phase of growth.”