M&A Deal Summary

Maritime Partners Acquires U.S. Marine Management

On September 26, 2023, Maritime Partners acquired marine company U.S. Marine Management from Maersk Line A/S

Acquisition Highlights
  • This is Maritime Partners’ 1st transaction in the Marine sector.
  • This is Maritime Partners’ 2nd transaction in the United States.
  • This is Maritime Partners’ 1st transaction in Virginia.

M&A Deal Summary
Date 2023-09-26
Target U.S. Marine Management
Sector Marine
Buyer(s) Maritime Partners
Sellers(s) Maersk Line A/S
Deal Type Divestiture

Target

U.S. Marine Management

Norfolk, Virginia, United States
U.S. Marine Management (USMMI) is engaged in chartering U.S. flag tanker and military support vessels to the Military Sealift Command, a division of the U.S. Navy, and the operation and maintenance ("O&M") of U.S. government-owned vessels. It currently operates a fleet of five U.S.-flagged vessels (including one owned maritime support vessel, three owned tankers, and one bareboat chartered tanker) and one O&M contract supporting U.S. Army training watercraft in Japan. U.S. Marine Management is based in Norfolk, Virginia.

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Buyer(S) 1

Buyer

Maritime Partners

Metairie, Louisiana, United States
Category Company
Sector Business Services
DESCRIPTION

Maritime Partners is a provider of maritime assets, vessel leasing solutions & construction financing. Maritime Partners is based in Metairie, Louisiana.

DEAL STATS #
Overall 2 of 3
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 2 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 M/G Transport Services

Matairie, Louisiana, United States

M/G Transport Services is a dry barge transportation and logistics company that specializes in inland barge transportation, carrying more than 5 million tons of non-hazardous dry bulk cargo each year. M/G Transport Services was founded in 1967 and is based in Matairie, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 E1 Marine

Bend, Oregon, United States

E1 Marine provides clean energy technologies, including advanced methanol-to-hydrogen generation products, which provide an alternative, cleaner fuel source for marine vessels. E1 Marine is based in Bend, Oregon.

Buy -

Seller(S) 1

SELLER

Maersk Line A/S

Esplanaden 50, Denmark
Category Company
Founded 1928
Sector Transportation
Revenue 25.8B USD (2011)
DESCRIPTION

Maersk Line is an international container shipping company and division of the Maersk Group.

DEAL STATS #
Overall 2 of 2
Sector (Marine) 1 of 1
Type (Divestiture) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG

Hamburg, Germany

Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG is a marine logistics firm that offers linear, tanker and tramp shipping services.

Buy -
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