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LOGISTEC Announces Acquisition of Logistics Park Dubuque (LPD), Expanding US Inland Waterways Network and Opening New Market Connections

LNT
  • LOGISTEC acquired Travero's Logistics Park Dubuque ("LPD"), a 100-acre multi-purpose marine terminal in East Dubuque, Illinois, on the Upper Mississippi River.
  • The acquisition expands LOGISTEC's inland waterways network to serve agriculture, manufacturing, & energy supply chains across the U.S. Midwest & Gulf Coast.
  • LPD is a multimodal facility specializing in bulk & breakbulk commodities with direct rail access via CN rail & barge access to the Upper Mississippi River.
  • The terminal serves major U.S. manufacturers in the agriculture, steel, manufacturing, & energy sectors.
  • This deal follows LOGISTEC's recent acquisition agreement with IPA Terminal in Altamira, Mexico.
  • Berenson & Company acted as financial advisor to LOGISTEC, while King & Spalding served as legal advisor.
  • RJM & Company acted as financial advisor to Travero, with Chapman & Cutler serving as legal advisor.
  • LOGISTEC operates a North American network of 63 ports & 86 terminals, while Travero is a subsidiary of Alliant Energy Corporation.