Alaska Marine Lines, Inc. changed the name of its Western Alaska service from Northland Services to Alaska Marine Lines this month. The name change results from the integration of Northland Services into Alaska Marine Lines, one of the Lynden family of companies.
"Customers will continue to enjoy the same great service and people, but now under the Alaska Marine Lines name," says Alaska Marine Lines Vice President Bill Northey. "The team is the same, we're just changing our jerseys. As part of the Lynden family of companies, we have greater options to better serve customers' shipping needs."
Alaska Marine Lines' Western Alaska service from Anchorage and Seattle includes Bethel, Dutch Harbor, Naknek, Dillingham, Nome, Kotzebue and many smaller villages throughout the region. Northey added that the company commitment to cost-competitive price structures and sailing frequencies will remain the same. Alaska Marine Lines' 2015 sailing schedules are being distributed to customers this month.
Lynden's combined capabilities include: worldwide air and ocean forwarding, third-party logistics, trade show shipping, shipping to Alaska, scheduled barges to Alaska and Hawaii, charter and rail barges, intermodal bulk chemical hauls, scheduled and chartered Hercules L-382 cargo aircraft and multi-modal logistics, truckload and less-than-truckload freight to Alaska, customs brokerage and remote site construction. Lynden companies are repeat winners in the annual Quest for Quality awards presented by Logistics Management magazine.
Lynden Signs Purchase Agreement to Buy Northland Services
Companies Agree on Sale Framework: Lengthy Process Remains Before Deal is Completed
Lynden (www.lynden.com), a family of freight transportation companies serving primarily Alaska and the Pacific Northwest, has entered into a purchase agreement to buy Northland Services, Inc. (www.northlandservices.com), a tug and barge carrier providing service between Seattle, Alaska and Hawaii.
"Lynden provides an ideal situation to better serve our customers, our employees and the communities where we operate," explained Larry Stauffer , President and CEO of Northland. "We have seen significant growth in our business over the past decade, and bringing two great companies and teams together will help improve and expand service in the communities we serve."
Northland will be an independent operating company within the Lynden family of companies. The current Northland management team would stay in place.
Lynden's Alaska Marine Lines also provides tug and barge transportation services between Seattle and Southeast and Central Alaska. "Northland has a great reputation, and adds Western Alaska and Hawaii to Lynden's service, enabling us to provide more service capabilities to our customers," said Lynden Chairman Jim Jansen. "We are excited about the ability to provide integrated statewide Alaska service, higher service frequency, and greater combined capabilities for our customers. Where there is service overlap, we will organize to provide a higher level of service. In certain communities where Alaska Marine Lines and Northland are the two primary freight carriers, other barge lines have plans to compete with us."
A lengthy, complex process remains before the purchase can be completed. The proposed transaction is subject to regulatory review and other terms that, if completed, would likely result in closing in late 2013.
Northland's major shareholder, Endeavour Capital, is a Western U.S. private investment firm. Endeavour's philosophy centers on the principle of stewardship: they believe in leaving a company in better condition than when they arrived. Endeavour has partnered with Northland's shareholders and management team over the past nine years – together they have transformed Northland via significant investment in the business and helped it become a leader in marine transportation to the Alaska and Hawaiian markets.