Acquiring Company
Algoma Central Corporation
Acquired Company
Mainstay Maritime
St. Catharines
New YorkOil And GasTransportationLogisticsFleet ManagementDescription
Mainstay Maritime Inc. has announced a definitive agreement to sell its three Canadian operating companies and associated fleet to Algoma Central Corporation. This transaction involves six Canadian-flagged vessels and positions Mainstay to deepen its focus on the U.S. Jones Act market. The deal is set to close in Q1 2026, pending customary closing conditions.
Quick answer
Algoma Central Corporation is acquiring Mainstay Maritime, announced February 27, 2026. Algoma Central Corporation is based in St. Catharines, Ontario, Canada.
- How much did Algoma Central Corporation pay for Mainstay Maritime?
- The deal value was not disclosed.
- What does Algoma Central Corporation do?
- Algoma Central Corporation is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally.
- Where are Algoma Central Corporation and Mainstay Maritime based?
- Algoma Central Corporation is based in St. Catharines, Ontario, Canada. Mainstay Maritime is based in New York, United States.
- Who are the decision-makers at Algoma Central Corporation?
- Fundz holds 5 contacts at Algoma Central Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Oil And Gas and Transportation
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Hapag-Lloyd to acquire Zim Integrated Shipping Services (March 9, 2026)
- International Seaways acquires Tankers International (January 28, 2026)
- Fura acquires Barton Logistics to enhance network (March 10, 2026)
- Rubik Australia to acquire Qube Holdings in takeover (February 16, 2026)
- FedEx to acquire InPost for £6.7 billion, $8.8B (February 9, 2026)
- Delhivery acquires Ecom Express to enhance logistics (January 31, 2026)
Who to call at Algoma Central Corporation, and when
When Algoma Central Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Algoma Central Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Algoma Central Corporation, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Algoma Central Corporation. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Algoma Central Corporation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired Mainstay Maritime?
Mainstay Maritime was acquired by Algoma Central Corporation, based in St. Catharines. The deal was reported on February 27, 2026. Algoma Central Corporation is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Algoma Central Corporation is privately held and operates in Oil And Gas.
When did Algoma Central Corporation acquire Mainstay Maritime?
Algoma Central Corporation's acquisition of Mainstay Maritime was reported on February 27, 2026. Mainstay Maritime Inc. has announced a definitive agreement to sell its three Canadian operating companies and associated fleet to Algoma Central Corporation. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Mainstay Maritime do?
Mainstay Maritime Inc. is a leading marine infrastructure company specializing in the movement of dry bulk and liquid cargos throughout the Great Lakes Region. The Company operates a fleet of 26 vessels under the U.S. It is privately held, and is based in New York.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.