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Announced

Maritime Partners to acquire West Gulf Marine from Brown Gibbons Lang & Company.

Synopsis

Maritime Partners, a provider of maritime financing solutions, agreed to acquire West Gulf Marine, a tank barges construction company, from Brown Gibbons Lang & Company, an investment bank and financial advisory firm. Financial terms were not disclosed. "It is great to be selling the business to a group that understands the maritime culture and will preserve the legacy of the business. This will provide Maritime Partners with a first-class operation that will complement their fleet needs while continuing to service the inland customers that West Gulf has served for decades," Bryan Fiegel and Keith Fiegel, West Gulf Marine President and Vice President.

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