Oaktree Takes Minority Stake in Rand Logistics from American Industrial Partners
February 17, 2021
Funds managed by Oaktree Capital Management’s Transportation Infrastructure Investing Group agreed to acquire a significant minority stake in Rand Logistics from American Industrial Partners. The partnership pairs Oaktree’s transportation infrastructure expertise with AIP’s operational approach to support Rand’s growth across the Great Lakes bulk-freight network.
- Targets
- Rand Logistics, Inc.
- Sellers
- American Industrial Partners
- Industry
- Transportation
- Location
- New York, United States
- Transaction Type
- Recapitalization
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