TOTE Group Announces Acquisition of Aqua Gulf as Part of New Logistics Focus
TOTE Group is excited to announce the acquisition of Aqua Gulf a leading third party logistics provider in Puerto Rico and the U.S. For almost 60 years, Aqua Gulf has delivered cargo for its customers and the people and communities of the island.
Bobby Browne, founder of Aqua Gulf, noted:
“I am excited for Aqua Gulf to join TOTE Group companies. Given our long-term partnership with TOTE, this acquisition was a great opportunity for the future of Aqua Gulf. TOTE Group and Saltchuk are committed to ensuring our family culture and company would continue with the same focus and values that have allowed us to succeed, while also providing a platform for future growth. I know that we are in great hands by joining the Saltchuk family of companies as part of TOTE Group. This is the best place for Aqua Gulf as we begin the next chapter.”
Ensuring the company continues with the same focus and values, Aqua Gulf’s management will remain the same under this acquisition.
Aqua Gulf will join TOTE Group as part of TOTE Logistics, a new business area. In addition to Aqua Gulf, TOTE Group announced that Carlile, Naniq Global Logistics and Shoreside Logistics will also join TOTE Logistics as of January 1, 2025. Together, these companies provide a breadth of services from Hawaii and Alaska across the mainland to Puerto Rico.
Mike Noone, Chief Operating Officer at TOTE Group will assume the role of President of TOTE Logistics overseeing these companies. Noone brings more than 30 years of experience in the domestic maritime and logistics industries to his new role.
Tim Nolan, President and CEO of TOTE Group commented:
“The addition of logistics services to the TOTE Group companies allows us to offer effective and efficient opportunities for those moving cargo throughout the U.S., particularly in the non-contiguous trades. Mike is the right person to oversee this new venture. His leadership and experience will ensure success for TOTE Logistics.”
www.aquagulf.com
www.carlile.biz
www.naniqglobal.com
www.shoresidelogistics.com
