Acquiring Company
Purvis Marine
Acquired Company
Lower Lakes Towing
Sault Ste. MarieOntarioTransportationLogisticsDescription
Purvis Marine has acquired the disabled freighter Michipicoten, a 689-foot vessel that has been out of service since a hull fracture on Lake Superior in June 2024. Owner Sheila Purvis confirmed the purchase late last month but gave no transfer date. The ship is reportedly set to be towed to Sault Ste. Marie for scrapping, though the company declined to confirm this.
Quick answer
Purvis Marine is acquiring Lower Lakes Towing, announced November 11, 2026. Purvis Marine is based in Sault Ste. Marie, Ontario, Canada.
- How much did Purvis Marine pay for Lower Lakes Towing?
- The deal value was not disclosed.
- What does Purvis Marine do?
- Purvis Marine is a marine services company that specializes in tug and barge operations and also operates a ship scrapyard.
- Where are Purvis Marine and Lower Lakes Towing based?
- Purvis Marine is based in Sault Ste. Marie, Ontario, Canada. Lower Lakes Towing is based in Ontario, Canada.
Source: Fundz verified event record.
Other recent acquisitions in Transportation and Logistics
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- AIT Worldwide Logistics to acquire CAI (November 12, 2026)
- B&H Worldwide acquires Founders Logistics (November 9, 2026)
- AIT acquires Connor Anderson International (October 28, 2026)
- PJLN acquires Fond du Lac for NY/NJ logistics (October 22, 2026)
- Koliway acquires Millhouse Logistics, names CEO (October 22, 2026)
- Strait Link to acquire Monson Logistics (October 19, 2026)
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Frequently asked
Who acquired Lower Lakes Towing?
Lower Lakes Towing was acquired by Purvis Marine, based in Sault Ste. Marie. The deal was reported on November 12, 2026. Purvis Marine is a marine services company that specializes in tug and barge operations and also operates a ship scrapyard. The company has experience in scrapping vessels and transporting ships around the Great Lakes. Purvis Marine is privately held.
When did Purvis Marine acquire Lower Lakes Towing?
Purvis Marine's acquisition of Lower Lakes Towing was reported on November 12, 2026. Purvis Marine has acquired the disabled freighter Michipicoten, a 689-foot vessel that has been out of service since a hull fracture on Lake Superior in June 2024. Owner Sheila Purvis confirmed the purchase late last month but gave no transfer date. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lower Lakes Towing do?
Lower Lakes Towing is a Canadian shipping operator based in Port Dover that runs the freighter Michipicoten and five other Canadian-flagged vessels. It was acquired earlier this year by Algoma Central Marine. It is privately held, operating in Transportation, and is based in Ontario.
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