Northland Transportation Company (“Northland”) is a leading provider of common carrier and contract barge freight transportation and logistics services between Washington, Alaska and Hawaii. Northland provides freight services from its 70 acre terminal facility in Seattle, Washington, including full container load, break bulk and less than container load services. Specialized cargo such as boats, vehicles and construction materials are also accommodated.
Endeavour had been looking to invest in the marine services industry when it was introduced to Northland management. In the Summer of 2003, Northland’s Australian parent announced that they were going to sell the division as part of a realignment. Management and Endeavour partnered to acquire the freight transportation half of the business in a complex reorganization.
As part of the transaction, an attractive management ownership plan was crafted, that combined with Northland’s return to local ownership, created a new focus on growth. With Endeavour’s support, the team pursued a very significant fleet investment and renewal program to position Northland for further expansion.
Endeavour and the other shareholders sold the Company in 2013 to a strategic buyer.