Announcement • Dec 16
LOGISTEC Appoints Nathalie Viens as the New President of Its Water and Environment Division LOGISTEC announced the appointment of Nathalie Viens as President of its Water and Environment Division. Nathalie brings with her a wealth of experience in leading global operations in a variety of industries, including investment, asset management, consulting, engineering and construction, infrastructure and resources. She is recognized for her expertise in transforming and executing corporate strategies that significantly improve operational efficiency. Nathalie Viens is known for her result-driven leadership style, her passion for inspiring teams and her ability to drive transformation. Throughout her career, she has demonstrated strong profit and loss management, overseeing companies and portfolios comprising multi-site and diversified operations such as service sites, operating plants and multi-year PPP commitments. Prior to joining ALTRA | SANEXEN, Nathalie was Managing Director and Head of Private Infrastructure Asset Management at CBRE Investment Management. As operating partner at the Caisse de dépôt et placement du Québec(CDPQ), she was responsible for developing asset management strategies and supporting operational improvements across a global portfolio. Her previous roles also include senior management positions at Veolia Canada, AtkinsRéalis and Accenture. Over the past 5 years, as part of her role in the investment industry, Nathalie has sat on various boards such as WanRack (FTTH company), Forum Mobility (Heavy Vehicle Charging Infrastructure) and Connect Bus (Bus Transport Company), Energir, Transportadora Associada de Gás S. A. (natural gas transmission), Student Transportation of America (school bus services), Plenary Americas (PPP), FiBrasil (neutral fiber assets) and Transmissoras Unidas de Energia (electrical transmission). Nathalie holds an engineering degree and a master's degree (M.Sc. A) in chemical engineering, and is a member of the Ordre des Ingénieurs du Québec. She is also a certified director (C.Dir) and PMP certified. Announcement • Aug 14
Logistec Corporation Appoints Patrick Burgoyne as Chief Strategy Officer to Drive the Company's Strategic Growth Plan Logistec Corporation announced the appointment of Patrick Burgoyne as Chief Strategy Officer. Mr. Burgoyne brings his global perspective and in-depth logistics knowledge to LOGISTEC and will further accelerate the company's growth of marine services throughout North America and internationally. Patrick has led top international companies, giving him unique insight into the competitive landscape. With over 25 years of experience in the marine industry, Mr. Burgoyne will articulate strategies and ensure alignment across the organization, actively building upon LOGISTEC's technology-driven focus to deliver new value to their customers. Announcement • May 10
LOGISTEC Corporation Announces the Appointment of Susan Bray to the Board of Directors LOGISTEC Corporation announced the appointment of Susan Bray to the Board of Directors, effective immediately. An executive director and management board member, Ms. Bray will bring her strategic mindset and in-depth logistics knowledge and international supply chain expertise to the Board, which oversees LOGISTEC's marine and environmental services offered throughout North America. Throughout her career in the steel industry, Ms. Bray held leadership positions at U.S. Steel Texas Works, Thyssen Steel Group, MAN Ferrostaal and ArcelorMittal. In 2023, Ms. Bray started Braybridge Logistics Consultants, LLC to further service heavy industries in need of broad-based, strategic, logistics expertise. Based in Houston, Texas, Ms. Bray currently sits on the Advisory Board of the Great Lakes Pilotage Association. She has served on the boards of various steel, logistics and trade related committees and maintains active membership in several organizations. She is a sought-after speaker at trade, labor, logistics and steel related seminars and conferences. Announcement • Jan 11
Logistec Corporation CL A & Class B Subordinate Voting Shares to Be Deleted from OTC Equity Logistec Corporation CL A & Class B Subordinate Voting Shares (Canada) will be deleted from OTC Equity effective January 11, 2024, due to Acquisition /Merger /Amalgamation. Announcement • Jan 10
Stonepeak Partners LP along with certain funds managed by Blue Wolf Capital Partners LLC completed the acquisition of Logistec Corporation (TSX:LGT.B) from Sumanic Investments Inc. and others. Stonepeak Partners LP along with certain funds managed by Blue Wolf Capital Partners LLC entered into an arrangement agreement to acquire Logistec Corporation (TSX:LGT.B) from Sumanic Investments Inc. and others for approximately CAD 870 million on October 15, 2023. certain funds managed by Blue Wolf Capital Partners LLC and Stonepeak Partners LP will acquire Logistec Corporation for CAD 67 per share in cash. Purchaser have received an equity commitment letter and debt commitment letter for the financing of acquisition. The consideration offered under the transaction represents a 61.2% premium to the unaffected 20-day volume-weighted average trading price per Class A Common Share and a 62.2% premium to the unaffected 20-day volume-weighted average trading price per Class B Subordinate Voting Share on the Toronto Stock Exchange on May 19, 2023, the last trading day prior to the announcement of the strategic review process, and a 14.5% premium to the 20-day volume weighted average trading price per Class A Common Share and a 9.9% premium to the 20-day volume-weighted average trading price per Class B Subordinate Voting Share on the Toronto Stock Exchange on October 13, 2023. Following completion of the transaction, the Corporation will become a privately held company and will apply to cease to be a reporting issuer under Canadian securities laws and the Class A Common Shares and Class B Subordinate Voting Shares will no longer be publicly traded on the Toronto Stock Exchange. Blue Wolf is funding its portion of the purchase price with capital it manages on behalf of its limited partners via private equity fund capital as well as select co-investors, together with an additional preferred investment in the Purchaser by Stonepeak. A termination fee of CAD 32 million would be payable by the Corporation to the Purchaser in certain circumstances, including in the context of a superior proposal supported by the Corporation. The Corporation would also be entitled to a reverse termination fee of CAD 59 million if the transaction is not completed in certain circumstances.LOGISTEC's Board of Directors has evaluated the Arrangement Agreement with the Corporation's management and legal and financial advisors, and following the receipt and review of the unanimous recommendation of the Special Committee, the Board of Directors has unanimously determined that the transaction is in the best interests of LOGISTEC and is fair to its shareholders, and unanimously recommends that LOGISTEC's shareholders approve the transaction. As of December 18, 2023, LOGISTEC's shareholders have approved the previously announced plan of arrangement. The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (Québec) and is expected to close in the first quarter of 2024, subject to customary closing conditions, including the receipt of regulatory approvals and clearances in Canada and the United States, LOGISTEC shareholder approval and Court approval. The transaction is not subject to any financing condition. As of December 22, 2023, Superior Court of Québec has issued a final order and approved the transaction. The transaction is expected to close during the week of January 8, 2024. TD Securities Inc. is acting as exclusive financial advisor to the Corporation and Blair Franklin Capital Partners Inc. is acting as independent financial advisor to the Special Committee. Rothschild & Co is acting as exclusive financial advisor to Blue Wolf. William J. Braithwaite and David Massé of Stikeman Elliott LLP acting as independent legal advisors to the Special Committee and Jean Michel Lapierre and Caitlin Rose of Fasken Martineau DuMoulin LLP and K&L Gates LLP as legal advisors to the Corporation. Robin Mahood of McCarthy Tétrault LLP and Laura Delanoy of Willkie Farr & Gallagher LLP are acting as legal advisors to Blue Wolf. Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Sumanic Investments Inc. Blair Franklin Capital Partners acted as fairness opinion to the board of Logistec Corporation.Stonepeak Partners LP along with certain funds managed by Blue Wolf Capital Partners LLC completed the acquisition of Logistec Corporation (TSX:LGT.B) from Sumanic Investments Inc. and others on January 8, 2024. Sean Pierce has been named chief executive officer of Logistec. In connection with the acquisition, a new board of Logistec also has been constituted, with representatives from Blue Wolf and Stonepeak joined by Jean-Jacques Ruest and Michael Moore. Following this transaction, Logistec's headquarters will remain in Montreal. Upcoming Dividend • Dec 26
Upcoming dividend of CA$0.13 per share at 0.8% yield Eligible shareholders must have bought the stock before 02 January 2024. Payment date: 17 January 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (3.3%). 
