Company Overview

Rand Logistics is a leading provider of bulk freight shipping and ship repair services throughout the Great Lakes region. Through its subsidiaries, Rand operates a fleet of self-unloading bulk carriers, conventional bulk carriers, articulated tug & barge units, and two ship repair companies. Rand is the only operator on the Great Lakes with both U.S. and Canadian flagged fleets, enabling optimal flexibility in building and executing port-to-port services in both the United States and Canada. The Company’s U.S. flagged vessels operate under the Jones Act, which reserves domestic waterborne commerce to vessels that are U.S. owned, built and crewed. Similarly, Rand’s Canadian flagged vessels operate under the Coasting Trade Act, which reserves domestic waterborne commerce to Canadian registered and crewed vessels.

Website

www.randlogisticsinc.com

Sector

Logistics Services

Revenues

$115 million

Fund

AIPCF VI

Headquarters

Jersey City, NJ

Footprint

15 U.S. and Canadian flagged vessels

Employees

~575

Acquisition Year

2018