Over a nine-year period, a group of managers and Endeavour Capital transformed Northland Services into a modern market-leader of barge transportation services between Seattle and markets in Alaska and Hawaii. The next logical stage of development was to join forces with a larger transportation company serving similar markets. The owners of Northland had been approached by numerous parties over the past few years and, when an attractive, unsolicited offer was received from Lynden, a decision was made to move forward with a transaction because of the favorable business and cultural fit.

ZS Role

ZS was engaged to assist the owners of Northland to review Lynden’s proposal and to negotiate and structure a deal that fairly valued the business.


Northland was acquired by Lynden and will operate as a wholly owned subsidiary with all management remaining with the company.