LOGISTEC to acquire Mexican terminal operator

Montreal-based marine and logistics services provider LOGISTEC has signed a definitive agreement to acquire 100 per cent of IPA Terminal, a breakbulk and steel handling facility at the Port of Altamira.

The company said the acquisition expands its operations into Mexico and supports its strategy to grow as a global multi-purpose marine terminal operator.

“This expansion is a defining moment for LOGISTEC, as we position our organization for accelerated international growth,” said Sean Pierce, chief executive officer of LOGISTEC. “Mexico is a dynamic market, and by acquiring IPA, we are extending our reach, connecting our network to key industries, delivering value-added cargo solutions and opening new global opportunities for our customers and partners.”

IPA Terminal handles specialized breakbulk and steel commodities in the Gulf of Mexico, supporting industrial customers and regional supply chains. LOGISTEC said the facility’s infrastructure, deepwater access and workforce will expand its operational capabilities and market reach.

“This agreement with LOGISTEC will allow IPA to create significant and exciting opportunities for its people, customers and the Altamira communities where the company operates,” said IPA’s co-CEOs. “This transaction builds upon Mexico’s important role in the global supply chain and opens the door to new trade connections.”

The transaction remains subject to customary closing conditions and regulatory approvals from Comisión Nacional Antimonopolio and Mexican port and naval authorities.

Headquartered in Montréal, LOGISTEC provides cargo handling and logistics services, including trucking and warehousing, across a network of 63 ports and 86 terminals in North America. The company also offers Arctic marine transportation and marine agency services for ship owners and operators.