Logistec Acquires Gulf Stream Marine
Logistec Corporation announced the expansion of its network of terminals through the strategic acquisition of Gulf Stream Marine. This transaction will allow Logistec to establish a stronghold in the U.S. Gulf, strengthen its position in a high-growth market in the United States, provide access to an experienced talent pool, facilitate knowledge transfer between the two organizations, and generate immediate positive benefits to shareholders. This acquisition also represents a major expansion of our network of terminals in the USA. With Gulf Stream Marine's 10 terminals in 5 ports, Logistec's cargo handling activities now cover 58 terminals in 35 ports in North America.
Gulf Stream Marine Appoint New CEO
One of the largest privately held stevedore firms in the U.S. Gulf Coast region, announce the appointment of Kevin Bourbonnais as Chief Executive Officer. An experienced senior executive, Bourbonnais was most recently Chief Operating Officer of USA Compression Partners, a market-leading provider of contract compression services to the oil and gas industry. Prior to joining USA Compression Partners, he held various other senior management positions at Exterran, Universal Compression and the Royal Bank of Canada. “I look forward to having the opportunity to guide Gulf Stream through its next phase of growth and building upon the company’s culture of customer service, safety,” said Bourbonnais. About Gulf Stream Marine, Inc.
