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New Deal


Announced

Completed

Maritime Partners completed the acquisition of 1k marine vessels from J. Russell Flowers.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Marine Services

marine leasing

Single Bidder

Friendly

Acquisition

Completed

Private

Majority

United States

Domestic

Synopsis

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Maritime Partners, a provider of maritime financing solutions, completed the acquisition of 1k marine vessels from J. Russell Flowers, an independent leasing companies of inland marine barges and towboats. Financial terms were not disclosed. "We are thrilled to complete the acquisition of the JRF portfolio. With this transaction, we'll expand and diversify our fleet, enhancing our product offering as a one-stop solution for all marine equipment requirements. We want to thank all stakeholders, including our lending partners at Credit Suisse and Stonebriar Commercial Finance for supporting our growth," Bick Brooks, Maritime Partners Co-Founder and CEO.

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