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• 2 min de lectura
Lone Star Funds announced the sale of Vigor Marine Group, a provider of maintenance, repair, and overhaul services, as well as manufacturing and naval services for the naval, defense, and commercial maritime sectors in the United States, to Antin Infrastructure Partners.
Headquartered in Portland, Oregon, Vigor Marine Group operates shipyards and manufacturing facilities in five locations and employs approximately 2,700 people across the Pacific Northwest, Virginia, and California.
The company offers advanced services and comprehensive solutions for a variety of clients, including the Armed Forces, Coast Guard, state ferry systems, and the cruise and fishing industries.
During its ownership, Lone Star partnered with Vigor Marine Group's management team to expand its offerings and invest in its capabilities, including facility improvements and technological upgrades.
The company also integrated its business under a single brand and operating platform, thereby enhancing its ability to serve clients with critical needs. Today, Vigor Marine Group is a leading provider of maritime services, with a culture of innovation and dedication to its employees and the communities in which it operates.
"This new partnership with Antin represents an exceptional opportunity for Vigor Marine Group to realize its vision of being the most innovative, technologically advanced, and forward-looking provider for our customers. It constitutes a key moment for VMG and our maritime industrial base, as a solid investor has recognized the value and opportunities offered by American shipyards. We are enormously excited to evolve and strengthen our ability to serve our customers through innovative solutions that allow them to resume operations faster and with higher quality than before," stated VMG CEO, Francesco Valente.
"This marks an important milestone in our partnership with Vigor Marine Group, as its sale represents a successful outcome for all involved. This transaction also underscores Lone Star's commitment to investing in market-leading companies and contributing to their growth, where we see opportunities to create value. We expect the company to continue consolidating its strong foundation in the coming years," said Donald Quintin, Executive Director at Lone Star.
