Announced
Completed
Financials
Tags
Marine Services
marine leasing
Single Bidder
Friendly
Acquisition
Completed
Private
Majority
United States
Domestic
Synopsis
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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