Logistec acquires Travero Logistics Park

Logistec has announced the acquisition of the Travero Logistics Park Dubuque (LPD) to expand its inland waterway network in the United States. With this acquisition, the company aims to open new market connections, as stated.

The Travero Logistics Park Dubuque is located in East Dubuque, Illinois, on the upper Mississippi River. Covering an area of 40 acres, the terminal offers multimodal services focused on the handling, storage, and loading of bulk and breakbulk cargo. Access to the terminal is provided by inland vessels as well as by rail and truck, representing a logistics solution for various industries. LPD serves manufacturers in agriculture, steel, manufacturing, and energy, among others.

The acquisition of LPD follows a recently completed agreement by Logistec with IPA Terminal in Altamira, Mexico. Berenson & Company served as financial advisor to Logistec, while King & Spalding handled the legal aspects of the transaction. RJM & Company acted as financial advisor for Travero, and Chapman & Cutler provided legal counsel for this side.

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