M&A Deal Summary

Star Bulk Acquires Eagle Bulk

On December 11, 2023, Star Bulk acquired transportation company Eagle Bulk

Acquisition Highlights
  • This is Star Bulk’s 1st transaction in the Transportation sector.
  • This is Star Bulk’s 1st transaction in the United States.
  • This is Star Bulk’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2023-12-11
Target Eagle Bulk
Sector Transportation
Buyer(s) Star Bulk
Deal Type Merger
Advisor(s) Houlihan Lokey (Financial)
Akin Gump Strauss Hauer & Feld
Hogan Lovells (Legal)

Target

Eagle Bulk

Stamford, Connecticut, United States
Eagle Bulk is a U.S.-based, fully integrated shipowner-operator, providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users. Eagle Bulk is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

Star Bulk

Athens, Greece

Category Company
Sector Transportation
Employees216
Revenue 949M USD (2023)
DESCRIPTION

Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, minerals, and grain, and minor bulks, which include bauxite, fertilizers, and steel products. Star Bulk is based in Athens, Greece.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Merger) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1