Harley Marine acquires ten vessels from Enterprise

JANUARY 8, 2016 — Harley Marine Services reports that it has acquired certain offshore marine assets of Enterprise Marine Services LLC, a subsidiary of Enterprise Products Partners, L.P. (NYSE: EPD).

The acquisition includes ten vessels: six double hull petroleum barges and four tugboats. Harley Marine says it "will also acquire the expertise and knowledge of current Enterprise employees associated with the vessels, making the transition smooth and seamless as the vessels are incorporated into the Harley Marine fleet and adapt to the company's policies and procedures."

The acquired assets will be used in current operations to strengthen market presence and support long term customer demand and growth.

"Securing these assets supports our growth strategy and our focus on exceeding needs and expectations of our customers. The acquisition strengthens our market presence and allows us to grow with our customer's needs," said Harley Franco, Chairman and CEO of Harley Marine Services.

The company has maintained a steady growth record and in the last few years has added articulated tug barges (ATB's) to its fleet and has taken delivery of several new escort and assist tugs.

Harley Marine Services is a provider of marine transportation services, with operations along the West Coast (including Alaska), New York Harbor and the U.S. Gulf Coast. Its services include the transportation and storage of petroleum products, ship assist and escort, the transportation of general cargo and rescue towing.

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