.
MergerLinks Header Logo

New Deal


Announced

Bollinger Shipyards to acquire VT Halter Marine and STEHMO from ST Engineering.

Financials

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

Tags

Edit

Private

United States

Acquisition

Transportation Services

Majority

Pending

Friendly

Domestic

ships

Single Bidder

Synopsis

Edit

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.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US