Ropes & Gray Guides Rand Logistics in Purchase of American Steamship Company from GATX
Ropes & Gray advised Rand Logistics in the purchase of American Steamship Company from GATX Corporation for approximately $260 million in cash proceeds, subject to customary post-closing adjustments. This is the final step in the sale of American Steamship Company to Rand Logistics, as previously announced on Feb. 10. The transaction was announced in a press release.
Rand Logistics is advised by private equity partner Daniel Evans (New York), associates Todd B. Kornreich and Jessica Lepper (both of New York), finance partner Stefanie Birkmann (New York), associate Scott Rolnik (New York) and tax partner Ben Rogers (San Francisco).