The Carlyle Group and Stellex Capital Management to acquire and merge Vigor Industrial and MHI Holdings.

Global investment firms The Carlyle Group and Stellex Capital Management struck a deal to acquire and merge Vigor Industrial, an infrastructure, defense, and maritime services company, and MHI Holdings, a ship repair, maintenance, and other ship husbandry services company. Financial terms were not disclosed. Frank Foti, President and CEO of Vigor, said, “Through this transaction, Vigor gains responsible, forward-thinking investors who will seek to build on our current platform while maintaining a values-driven culture. In addition, we are excited to join forces with a company of MHI’s caliber which has a history of delivering strong results and shares our mission to serve the people who protect our country every day. This evolution takes us where we want to go, growing sustainable jobs into the future. I’m excited to be an investor in this adventure and to be a part of what’s to come.”