WHO WE ARE

OUR VISION

To be the most trusted and efficient marine logistics leader on the Great Lakes, delivering essential commodities that power North American manufacturing, build the nation’s infrastructure, and sustain its food supply for the next century and beyond.

OUR MISSION

To safely, reliably, and efficiently transport bulk commodities that are foundational to North American manufacturing, infrastructure, and food industries. We serve our customers, invest in our people, and steward the Great Lakes environment while driving operational excellence and long-term value for our stakeholders.

OUR VALUES

Listening

We seek to understand our customers’ needs and supply chain challenges. We listen to our crews and shoreside teams to continuously improve safety and operations. We respect the communities and environments in which we operate.

Learning

We embrace innovation, technology and process improvements that elevate performance. We learn from experience to strengthen reliability and operational excellence. We invest in training and development to develop our people.

Caring

We prioritize the safety and well-being of our mariners and employees. We support our customers with dependable, mission-critical service. We protect the Great Lakes through responsible, sustainable operations.

MAINSTAY MANAGEMENT

Greg Binion

Chief Executive Officer

Joe Kassel

Chief Financial Officer

Terry Mee

Chief Reliability Officer

Sven Christensen

Chief Operating Officer

Phillip Carr

Vice President, Commercial

Peter Bordonaro

General Counsel

OUR HISTORY

OUR
HISTORY

1907

American Steamship Company (ASC), present day subsidiary of Mainstay, incorporated in Buffalo, New York

1907

American Steamship Company (ASC), present day subsidiary of Mainstay, incorporated in Buffalo, New York

1907

American Steamship Company (ASC), present day subsidiary of Mainstay, incorporated in Buffalo, New York

1930

ASC becomes the first vessel owner on the Great Lakes to operate self-unloading vessels

1930

ASC becomes the first vessel owner on the Great Lakes to operate self-unloading vessels

1930

ASC becomes the first vessel owner on the Great Lakes to operate self-unloading vessels

1977

ASC acquires its first 1,000-foot vessel, the Belle River (renamed the Walter J. McCarthy Jr. in 1990)

1977

ASC acquires its first 1,000-foot vessel, the Belle River (renamed the Walter J. McCarthy Jr. in 1990)

1977

ASC acquires its first 1,000-foot vessel, the Belle River (renamed the Walter J. McCarthy Jr. in 1990)

1994

Lower Lakes Towing (LLT) established as a Canada Coasting Act operator

1994

Lower Lakes Towing (LLT) established as a Canada Coasting Act operator

1994

Lower Lakes Towing (LLT) established as a Canada Coasting Act operator

2000

Grand River Navigation (GRN) established as a U.S. Jones Act operator

2000

Grand River Navigation (GRN) established as a U.S. Jones Act operator

2000

Grand River Navigation (GRN) established as a U.S. Jones Act operator

2004

Rand Logistics incorporated as a SPAC

2004

Rand Logistics incorporated as a SPAC

2004

Rand Logistics incorporated as a SPAC

2006

Rand begins its maritime industry affiliation with the acquisition of LLT and GRN

2006

Rand begins its maritime industry affiliation with the acquisition of LLT and GRN

2006

Rand begins its maritime industry affiliation with the acquisition of LLT and GRN

2011

Rand closes its public offering on NASDAQ while continuing to expand its fleet size and customer base through acquisition

2011

Rand closes its public offering on NASDAQ while continuing to expand its fleet size and customer base through acquisition

2011

Rand closes its public offering on NASDAQ while continuing to expand its fleet size and customer base through acquisition

2018

AIP acquires Rand; Rand acquires Conneaut Creek Ship Repair

2018

AIP acquires Rand; Rand acquires Conneaut Creek Ship Repair

2018

AIP acquires Rand; Rand acquires Conneaut Creek Ship Repair

2020

Rand acquires ASC to form the largest transportation provider on the Great Lakes

2020

Rand acquires ASC to form the largest transportation provider on the Great Lakes

2020

Rand acquires ASC to form the largest transportation provider on the Great Lakes

2021

Oaktree acquires 49.9% stake in Rand

2021

Oaktree acquires 49.9% stake in Rand

2021

Oaktree acquires 49.9% stake in Rand

2023

Oaktree acquires remaining 50.1% stake to become 100% owner

2023

Oaktree acquires remaining 50.1% stake to become 100% owner

2023

Oaktree acquires remaining 50.1% stake to become 100% owner

2024

Duration Capital Partners (DCP) completes its spin-out from Oaktree Capital; Rand transfers with DCP

2024

Duration Capital Partners (DCP) completes its spin-out from Oaktree Capital; Rand transfers with DCP

2024

Duration Capital Partners (DCP) completes its spin-out from Oaktree Capital; Rand transfers with DCP

2024

Rand acquires Andrie LLC, entering the liquid bulk transportation market on the Great Lakes

2024

Rand acquires Andrie LLC, entering the liquid bulk transportation market on the Great Lakes

2024

Rand acquires Andrie LLC, entering the liquid bulk transportation market on the Great Lakes

2026

Rand Logistics rebrands to Mainstay Maritime and divests its Canadian operations with the sale of Lower Lakes Towing, positioning the company to focus on its core U.S. Jones Act business

2026

Rand Logistics rebrands to Mainstay Maritime and divests its Canadian operations with the sale of Lower Lakes Towing, positioning the company to focus on its core U.S. Jones Act business

2026

Rand Logistics rebrands to Mainstay Maritime and divests its Canadian operations with the sale of Lower Lakes Towing, positioning the company to focus on its core U.S. Jones Act business