Logistec expands international reach through acquisition of IPA Terminal in Altamira, Mexico

Logistec, is pleased to announce that it has successfully entered into a definitive agreement to acquire 100% of IPA Terminal (IPA, ATEMSA, SMA, STEEL, collectively “IPA”), an industry-leading breakbulk and steel handling facility, at the Port of Altamira, Mexico. This acquisition expands Logistec’s presence to Latin America and marks a significant milestone in its vision as a global multi-purpose marine terminal operator.

“This expansion is a defining moment for Logistec, as we position our organization for accelerated international growth,” said Sean Pierce, CEO of Logistec. “Mexico is a dynamic market, and by acquiring IPA, we are extending our reach, connecting our network to key industries, delivering value-added cargo solutions and opening new global opportunities for our customers and partners.”

“This agreement with Logistec will allow IPA to create significant and exciting opportunities for its people, customers and the Altamira communities where the company operates,” said IPA’s Co-CEOs. “This transaction builds upon Mexico’s important role in the global supply chain and opens the door to new trade connections.”

IPA Terminal is a pivotal hub in handling specialized breakbulk and steel commodities in the Gulf of Mexico, serving major industrial customers and regional supply chains. With modern infrastructure, deepwater access, and skilled workforce, IPA brings strategic value to Logistec’s portfolio by expanding market reach and operational excellence.

Completion of the Transaction remains subject to the satisfaction of customary closing conditions and the receipt of applicable regulatory approvals from Comisión Nacional Antimonopolio (Mexican Antitrust Commission, previously COFECE) and the Mexican Port Authorities and Navy.

Berenson & Company, LLC acted as financial advisor to Logistec, Holland & Knight served as the legal advisor.