AUGUST 15, 2012 — Project and heavylift cargo specialists Scan-Trans Holding A/S and U.S. based Intermarine, LLC have completed a merger. It will operate under the Intermarine name.
Annual turnover for the merged company will be in excess of $500 million. Its largest shareholder is private equity firm New Mountain Capital with more than 9 billion USD under management.
"We believe the company will set the standard for customer service and value in the industry" said Al Stanley, President and CEO of Intermarine. "As the industry consolidates, global breadth and laser focus on customer needs will define the winners."
"Consolidation is the key to success in our line of business, and Scan-Trans has been looking for the ideal partner for some time" noted Lars Juhl, CEO of Scan-Trans Worldwide. "We are therefore thrilled to merge with Intermarine, a company we feel is the perfect match in business, culture and values."
By consolidating the Scan-Trans and Intermarine fleets, the company will expand its customer coverage with more than 50 multipurpose and heavylift vessels with lifting capacities of up to 800 metric tons. T
With the merger of Intermarine and Scan-Trans, the company will focus on four key areas:
- Inter-Americas liner and terminal services;
- Global chartering and liner services;
- Commercial management of third-party vessels; and
- U.S.-flag services worldwide.
Scan-Trans is an international shipping organization with 70 dedicated employees specifically focused on project, breakbulk and bulk cargoes, trading a fleet of about 30 vessels in the 4.000 DWT to 17.000 DWT segment through a global network of 9 offices. The company's roots date back to 1974 and it is headquartered in Naestved in Denmark.
Founded in 1990, Intermarine is a leader in the ocean transportation of project and heavylift cargo. It acts as managing agent for services operating more than 25 vessels ranging from 4,000 to 14,000 DWT and lifting capacities up to 800 metric tons.
Intermarine affiliate U.S. Ocean has the largest U.S.-flag fleet in its sector with five modern, shallow-draft, heavylift vessels. Industrial Terminals, located on the Houston Ship Channel, is the company's designated loadport and the largest privately owned project terminal in the United States. Intermarine serves its clients through 165 team members located in 12 offices worldwide. For more information please visi