Announced
Financials
Tags
Private
United States
Acquisition
Transportation Services
Majority
Pending
Friendly
Domestic
ships
Single Bidder
Synopsis
Bollinger Shipyards, a provider of shipbuilding and ship repair services, agreed to acquire VT Halter Marine, a manufacturer of ships catering to for government and commercial customers, and ST Engineering Halter Marine Offshore, a provider of dry-docking, upgrading and repair for ships, drilling rigs, subsea and other marine vessels, from ST Engineering, a Singaporean government-linked commercial and defense engineering group. Financial terms were not disclosed. “Bollinger takes great pride in being a major job creator in Louisiana. Today, we’re excited to grow and expand that legacy to Mississippi’s Gulf Coast. We have always said that our greatest strength has and continues to be our people. By combining our skilled workforces, we’ll ensure coastal Mississippi remains synonymous with defense shipbuilding and remains a major part of our industrial base," Ben Bordelon, Bollinger Shipyards CEO and President.
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