Navios Maritime Partners completed the acquisition of Navios Maritime Acquisition.

Navios Maritime Partners, an owner and operator of dry cargo vessels, completed the acquisition of Navios Maritime Acquisition, an owner and operator of tanker vessels. Navios Acquisition received 0.1275 of a common unit of Navios Partners for each outstanding common share of Navios Acquisition. “We are announcing a transformative transaction. The combined entity will be the largest US publicly-listed shipping company in terms of vessel count, with 15 vessel types diversified across three segments, servicing more than 10 end markets. This combination of two companies with similar core values and beliefs, as it relates to our service offerings, will allow us to continue to deliver the high-quality service that our customers expect. We have a proven model to execute seamless combinations, as evidenced by our prior successful roll-up transactions, and we anticipate a smooth execution for this combination as well," Angeliki Frangou, Navios Maritime Partners Chairwoman and CEO.