Logistec Corporation (TSX:LGT.B) completed the acquisition of a 32.7% stake in FER-PAL Construction Ltd.

LOGISTEC Corporation is a Canada-based company that provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in over 60 ports and 90 terminals located in North America. The Company's segments include marine services and environmental services. It offers marine transportation services geared primarily to the Arctic coastal trade as well as marine agency services to shipowners and operators serving the Canadian market. Its marine terminal business comprises 11 terminals that provide stevedoring, handling and warehousing services for bulk, containerized, project cargo and general cargo. Its environmental services segment delivers customized solutions to industrial, municipal and governmental clients with respect to renewal of underground water mains, dredging, dewatering, contaminated soil and materials management, site remediation, risk assessment and manufacturing of fluid transportation products.