Astatine Investment Partners has acquired McKeil Marine

Founded in 1956, McKeil is one of Canada’s marine transportation and project service providers. The company’s crew operates a modern and customised fleet of 13 dry and liquid bulk vessels as well as the largest in-class fleet of tugs and barges on the Great Lakes in Canada. McKeil delivers customised transportation and project services to a wide range of customers and industries across the Great Lakes, St. Lawrence Seaway, East Coast and the Canadian Arctic.

“We are excited to partner with one of the most innovative and trusted marine service providers in Canada,” said Jim Metcalfe, CEO and Co-Managing Partner of Astatine. “McKeil provides meaningful downside protection through its long-term inflation-linked contracts. There is also a tremendous opportunity to evolve its service offerings and strategically expand its diverse fleet. We look forward to working closely with McKeil’s management team and talented crew to further build upon its market leadership and historical growth.”

“We are thrilled to be partnering with Astatine Investment Partners on the next chapter of McKeil’s growth journey and look forward to working together in pursuit of our long-standing mission to become Canada’s premier marine transportation provider,” said Scott Bravener, CEO of McKeil Marine. “We are confident that Astatine’s track record helping to scale marine transportation and logistics businesses makes them the ideal long-term partner for McKeil.”

Read the article online at: https://www.drybulkmagazine.com/shipping/09112023/astatine-investment-partners-has-acquired-mckeil-marine/