M&A Deal Summary

International Marine & Industrial Applicators Acquires Main Industries

On April 16, 2021, International Marine & Industrial Applicators acquired marine company Main Industries

Acquisition Highlights
  • This is International Marine & Industrial Applicators’ 2nd transaction in the Marine sector.
  • This is International Marine & Industrial Applicators’ 2nd transaction in the United States.
  • This is International Marine & Industrial Applicators’ 1st transaction in Virginia.

M&A Deal Summary
Date 2021-04-16
Target Main Industries
Sector Marine
Buyer(s) International Marine & Industrial Applicators
Deal Type Add-on Acquisition
Advisor(s) Mensura Securities, LLC / Mensura Capital, LLC (Financial)
Sheppard Mullin (Legal)

Target

Main Industries

Hampton, Virginia, United States
Main Industries provides preservation, scaffolding, and environmental containment services to the marine vessel new construction and maintenance, repair, and overhaul (“MRO”) markets. The Company has built an excellent reputation supporting the U.S. Navy’s (“USN”) aircraft carrier new construction and MRO requirements (including re-fueling overhauls) in the Mid-Atlantic region, with a particularly strong presence at Huntington Ingalls Industries Newport News Shipbuilding. Main Industries was founded in 1976 and is based in Hampton, Virginia.

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Buyer(S) 1

Buyer

International Marine & Industrial Applicators

Daphne, Alabama, United States
Category Company
Founded 1985
Sector Marine
DESCRIPTION

International Marine & Industrial Applicators is a provider of critical vessel preservation services to the U.S. Navy ("USN") and commercial maintenance, repair, and overhaul ("MRO") and new construction markets. International Marine & Industrial Applicators was founded in 1985 and is based in Daphne, Alabama.

DEAL STATS #
Overall 2 of 2
Sector (Marine) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 American Scaffold

San Diego, California, United States

American Scaffold is a provider of scaffolding systems and environmental containment solutions for the maintenance, repair, and overhaul (“MRO”) of U.S. Government (“USG”) vessels. The Company's services are predominantly utilized for the maintenance, repair, and overhaul ("MRO") of marine vessels at shipyards throughout the U.S. American Scaffold is based in San Diego, California.

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