The Carlyle Group and Stellex Capital Acquire and Merge Vigor Industrial and MHI Holdings

Lone Star Affiliate Acquires Titan Acquisition Holdings from Carlyle and Stellex

June 29, 2023

Industrial Services

An affiliate of Lone Star Funds has completed the acquisition of Titan Acquisition Holdings — the parent of Vigor Industrial LLC, MHI Holdings LLC and Continental Maritime of San Diego — from funds managed by The Carlyle Group and Stellex Capital Management. The transaction, first announced in February 2023, closed in mid-June 2023; financial terms were not disclosed. Titan is a bi-coastal leader in ship repair, marine and heavy fabrication serving U.S. government and commercial maritime customers.

The Carlyle Group and Stellex Capital Acquire IMIA Group Holdings from J.F. Lehman & Company

November 11, 2021

Aerospace & Defense

The Carlyle Group and Stellex Capital Management have acquired IMIA Group Holdings from J.F. Lehman & Company. IMIA, headquartered in Spanish Fort, Alabama, is a leading provider of multi-disciplined marine preservation, scaffolding, environmental containment and staffing services for U.S. Navy MRO and new construction, with a workforce of over 1,500 employees.

Titan Acquisition Holdings Acquires Huntington Ingalls' San Diego Shipyard

February 12, 2020

Industrial Services

Titan Acquisition Holdings, a PE-backed ship repair and fabrication platform formed by The Carlyle Group and Stellex Capital Management, has signed an agreement to acquire Huntington Ingalls Industries' San Diego Shipyard. The acquisition expands Titan's ship repair capabilities and geographic footprint in a major U.S. naval port to better serve defense and commercial maritime customers; closing is expected in Q2 and financial terms were not disclosed.

The Carlyle Group Acquires Majority Stake in Victory Innovations

September 16, 2020

Manufacturing

The Carlyle Group will acquire a majority stake in Minneapolis-based Victory Innovations, a maker of cordless electrostatic sprayers used to disinfect offices, airplanes, schools and other businesses. Carlyle's investment will accelerate Victory's growth and planned expansion into key global markets, leveraging Carlyle Partners VII to support international scaling.

The Carlyle Group to Acquire Majority Interest in The Hilb Group

October 30, 2019

Insurance

The Carlyle Group has signed a definitive agreement to acquire a majority interest in The Hilb Group from Abry Partners; financial terms were not disclosed. Hilb, a Richmond-based insurance brokerage with more than 900 associates and 91 branch offices, will retain significant ownership by its management team and employee shareholders as Carlyle supports further organic growth and targeted M&A.

The Carlyle Group Makes Strategic Investment in Crimson Midstream

January 14, 2019

Energy

The Carlyle Group, via its Global Infrastructure Opportunity Fund, has made a strategic equity investment in Crimson Midstream Holdings, LLC to support the company's expansion of crude oil transportation and storage infrastructure. The investment will help accelerate Crimson's projects — including the Swordfish Pipeline — and increase U.S. crude producers' access to global export markets.