Pangaea Logistics Solutions Purchases Remaining 50% of Nordic Bulk Partners

Pangaea Logistics Solutions Completes Fleet Combination with Strategic Shipping Inc.

December 30, 2024

Transportation

Pangaea Logistics Solutions Ltd. completed a combination transaction with Strategic Shipping Inc., issuing 18,059,342 shares (approximately 27.6% of outstanding stock) to SSI in exchange for fifteen handy-size dry bulk vessels. The vessels were valued at approximately $271 million at closing (inclusive of $100 million of vessel financing assumed), and the deal closed following shareholder approval on December 30, 2024.

Hapag-Lloyd Acquires Stake in J M Baxi Ports & Logistics from Bain Capital Private Equity Affiliate

January 25, 2023

Logistics & Distribution

German shipping company Hapag-Lloyd has acquired the stake in Indian maritime logistics provider J M Baxi Ports & Logistics from a Bain Capital Private Equity affiliate. The sale, whose financial terms were not disclosed, transfers ownership following Bain's two-year investment that expanded J M Baxi's port capacity and logistics footprint across India. The transaction is subject to regulatory approvals.

Lineage, Inc. Acquires Permanor AS to Expand Nordic Cold-Storage Footprint

May 6, 2025

Logistics & Distribution

Lineage, Inc. (NASDAQ: LINE) has completed the acquisition of Permanor AS, a Norway-based cold storage and logistics provider, including operations and properties in Haugesund and Brumunddal. The deal expands Lineage's Nordic presence, adding over 10,000 square meters of facility space (approximately 24,500 pallet positions) and strengthens its food-supply-chain capabilities and sustainability profile.

Stolt-Nielsen and NYK Line Buy 50% Stake in Avenir LNG via Share Purchase Agreement

March 16, 2026

Energy

Stolt-Nielsen Limited, through its subsidiary Stolt-Nielsen Gas Ltd., entered into a share purchase agreement to sell 50% of Avenir LNG Limited to Nippon Yusen Kabushiki Kaisha (NYK Line). The transaction is expected to close in mid-2026, pending customary regulatory approvals, as the parties aim to expand small-scale LNG and LNG bunkering opportunities.

Hahn & Co. and Hana Financial Group Buy H-Line Shipping for 1.8 Trillion Won

May 24, 2020

Transportation

South Korea’s private equity firm Hahn & Co. and Hana Financial Group have agreed to buy a 100% stake in H-Line Shipping for 1.8 trillion won (~$1.45bn). The deal is structured as a leveraged buyout via a project fund (about 45% financed with debt) and is intended to move the shipping company’s ownership to long-term investors while supporting consolidation and growth in Hahn & Co.’s shipping platform.

A.P. Moller - Maersk Acquires Pilot Freight Services

February 9, 2022

Logistics & Distribution

A.P. Moller - Maersk has completed its acquisition of Pilot Freight Services from ATL Partners and BCI for approximately $1.68 billion (EV $1.8bn post IFRS-16). The deal adds Pilot's North American first-, middle- and last-mile capabilities — including big-and-bulky e-commerce delivery, ~87 stations and ~2,600 employees — to Maersk's landside logistics and end-to-end supply chain offering.