V.Group to have new owners
Ship management giant V.Group is to get new private equity ownership. London-based Star Capital says that its Star IV fund is leading a consortium of investors that includes DEME‘s majority owner, Ackermans
mergers and acquisitions
Boluda Towage back on the acquisition trail
The Boluda Towage division of Madrid headquartered Boluda Corporación continues on the acquisition trail. In February of this year it announced deals to acquire, first, the Gibraltar operations of Fort Lauderdale, Fla.,
OSG set to be acquired by Saltchuk
Shares in NYSE-listed U.S.-flag tanker and ATB operator Overseas Shipholding Group Inc. (OSG) were trading up this morning on news that it has entered into a definitive merger agreement that will see
Chouest expands its subsea capabilities with ROVOP acquisition
The Cut Off, La., headquartered Chouest group has acquired Aberdeen, Scotland, headquartered ROVOP, a leading remotely operated vehicle (ROV) company that was previously a portfolio company of Bluewater Private Equity. With the
Austal confirms getting a takeover offer from Hanwha Ocean
Rumors that Australian shipbuilder Austal Limited (ASX:ASB) was the target of a takeover bid have been circulating since last July. Now, it seems, there’s some truth in one of them. In an
Fairbanks Morse Defense makes new acquisition: AMMCON
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired AMMCON Corp., a Jacksonville, Fla., based fittings and assembled components manufacturer. This is FMD’s eleventh acquisition since beginning an
Saltchuk makes a new offer for OSG
Privately held, Seattle-headquartered Saltchuk Resources Inc. has made a new offer to acquire NYSE-listed tanker and ATB operator Overseas Shipholding Group Inc. (OSG). Saltchuk, which is OSG’s largest shareholder, made an earlier
Star Bulk and Eagle Bulk to merge
Athens-headquartered Star Bulk Carriers Corp. (NASDAQ: SBLK) is to acquire Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE: EGLE) in an all-stock merger on a Net Asset Value to Net Asset Value
Fairbanks Morse Defense acquires American Fan
Continuing to solidify its position as an integrated defense contractor and provider to the U.S. Navy, Military Sealift Command and the Coast Guard, Fairbanks Morse Defense (FMD) has now acquired American Fan.
Is Philly Shipyard a Hanwha takeover target?
Back in July, Korean shipbuilder Hanwha Ocean was reportedly among the suitors in a rumored bid to acquire Austal. As we reported at that time, Austal said: “Austal is regularly involved in