Kirkland Advises Oaktree Transportation Infrastructure Group on Strategic Partnership with AIP in Rand
Kirkland & Ellis counseled Oaktree Capital Management, L.P.’s Transportation Infrastructure Investing Group on its definitive agreement to purchase a significant minority stake in Rand Logistics, a leading Great Lakes marine transportation company, from American Industrial Partners (AIP). This newly formed strategic ownership group will combine AIP’s operationally oriented approach to portfolio management with deep transportation sector expertise provided by Oaktree. Collectively, the group looks forward to driving steady and stable growth across the Company’s unique and irreplaceable footprint, as it delivers critical bulk cargoes to industrial facilities across the Midwest.
The Kirkland team was led by transactional partners Hamed Meshki and Tim Cruickshank and associates Gena Panter, Michael Chung, Bonnie Kalos and Megha Vyas; tax partners Mike Beinus and Vivek Ratnam; environmental transactions partner Paul Tanaka and associate Ty’Meka Reeves-Sobers; technology & IP transactions partner Matthew Lovell; debt finance partners Roald Nashi and Rustin Brown; litigation partner Michael Shipley; antitrust partners Carla Hine and Mike Robert-Smith and associate Athina Van Melkebeke; international trade and national security partner Mario Mancuso and associate Luci Hague; investment funds partners Erica Berthou, Carrie VanFleet and Aaron Schlaphoff and associate Ashley Augustin; ERISA partner Liz Dyer; employee benefits of counsel Jack Bernstein and associate Emily Morrison; labor and employment partner Michael Schulman and associates Jackson Phinney and Kayla Davis; and executive compensation partner Jack Stratton and associate Daniel Rios.