June 30, 2009
Harvey Gulf plans $200 million expansion
Harvey, La. based Harvey Gulf International Marine, LLC says that it will commit $200 million for the construction of new vessels and acquisition of existing vessels with the support of its majority owner, The Jordan Company, L.P. ("Jordan"), a New York based private equity firm with over $5 billion of capital under management, This capital will be used to support its worldwide expansion of services for Harvey Gulf's deepwater operations.
According to Shane J. Guidry, CEO of Harvey Gulf, "We partnered with Jordan to ensure that Harvey Gulf has the resources to continue to provide the vessels and services that meet the requirements of our customers as they evolve. With Jordan's support, Harvey Gulf can now explore opportunities worldwide that would not have otherwise been feasible."
Privately owned Harvey Gulf specializes in towing drilling rigs and providing offshore supply and multi-purpose dive dupport vessels for deepwater water operations in the U.S. Gulf of Mexico.