Divestiture • Marine

Fara Recovery Acquires Todd Shipyards

On June 10, 2025, Fara Recovery acquired marine company Todd Shipyards from Vigor Industrial

Acquisition Context
  • This is Fara Recovery’s 1st transaction in the Marine sector.
  • This is Fara Recovery’s 1st transaction in the United States.
  • This is Fara Recovery’s 1st transaction in Oregon.

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M&A Deal Summary

Date June 10, 2025
Target Todd Shipyards
Sector Marine
Buyer(s) Fara Recovery
Sellers(s) Vigor Industrial
Deal Type Divestiture

Target Company

Todd Shipyards

Portland, Oregon, United States
Todd Shipyards holds all legacy asbestos liabilities and related insurance assets. Todd Shipyards is based in Portland, Oregon.
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Buyer Overview 1

Buyer

Fara Recovery

West Palm Beach, Florida, United States

Category Company
Sector Business Services
DESCRIPTION

Fara Recovery is an acquirer of corporate entities with exposure to contingent and legacy liabilities (e.g., asbestos, silica, talc, pharmaceuticals, PFAS, lead, black lung, product recall/defect, general liability, workers' compensation, environmental, and other toxic tort). Fara Recovery is based in West Palm Beach, Florida.


Deal Context for Buyer #
Overall 1 of 1
Sector: Marine 1 of 1
Type: Divestiture 1 of 1
State: Oregon 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1

Seller Profile 1

SELLER

Vigor Industrial

Portland, Oregon, United States

Category Company
Founded 1916
Sector Marine
DESCRIPTION

Vigor Industrial is a diversified industrial business specializing in shipbuilding, ship repair, and handling important, complex projects in support of energy generation, the nation’s infrastructure, and national defense. With a deep respect for people and the planet, the company strives to be a positive, regenerative force for good environmentally, in the lives of its employees and in the community. Vigor Industrial was formed in 1916 and is based in Portland, Oregon.


Deal Context for Seller #
Overall 1 of 1
Sector: Marine 1 of 1
Type: Divestiture 1 of 1
State: Oregon 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-25 MHI Ship Repair & Services

Norfolk, Virginia, United States

MHI Ship Repair & Services is a marine repair and conversion contractor serving Commercial ship owners, the U.S. Navy, Military Sealift Command and Maritime Administration, and operators worldwide. MHI Ship Repair & Services was established in 1952 and is based in Norfolk, Virginia.

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