Logistec Corp
Logistec Corp
600 rue de la Gauchetiere Ouest 14th Floor Montreal (QC) H3B 4L2
(514) 844-9381
Sector: Industrial
Description
Logistec Corporation is a transportation company specializing in marine and environmental services.
Founded Roger Paquin established the company as Quebec Terminals Ltd in February 1952.
Logistec Corporation is involved in terminal operations and provides cargo shipments and handling services such as container, bulk, breakbulk and project cargoes. In addition, the company also provide intermodal facilities and manage Roll-On/ Roll-Off (RORO) operations.
The logistics solutions provider operates 53 ports facilities and 79 terminals across North America. The company also provides marine transportation services to support the trade at the Arctic Coast and related agency services to overseas marine export and import businesses in Canada.
The Canadian company’s marine service operations reportedly contribute the most to its total revenue.
The Montreal-based terminal operator also offers environmental services for contaminated site remediation.
Through its ALTRA PFAS Solutions, the company provides technology solutions for water main rehabilitation, lead-free solutions, and woven hose solutions.
The company, through its subsidiaries, SANEXEN Environmental Services Inc and FER-PAL Construction Ltd, provides environmental solutions to various industries, including forestry, mining, municipalities, water utilities, oil and gas, industrial manufacturing, airport, and military sector.
In April 2021, SANAXEN was reportedly awarded Clean50 Top Project for the ALTRA Proven Water Technologies.
Further in June 2021, SANEXEN acquired American Process Group, an environmental service company based in Edmonton, for a cash transaction of C$50 million. The company aims to expand its environmental services and operations in the new markets across North America.
The company's subsidiaries, Logistec Stevedoring Inc and Gulf Stream Marine, Inc, on June 4, 2021, announced that five more terminals were added to the Green Marine Environmental Certification Program, driving up the total number of certified terminals to 18 across Canada and the United States.
Since September 24, 1969, Logistec Corporation is a publicly listed company trading on the Toronto Stock Exchange (TSX) and Montreal Stock Exchange. The Class B subordinate voting shares of Logistec Corporation are traded under the ticker symbol 'LGT.B.' The company also trades its Class A common shares under the ticker LGT.A.
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