Maritime Partners Acquires J. Russell Flowers Portfolio

Maritime Partners-Managed Fund Acquires U.S. Marine Management from Maersk

September 26, 2023

Transportation

A fund managed by Maritime Partners, LLC acquired Norfolk, Virginia-based U.S. Marine Management LLC (USMMI) from Maersk Line, Limited on September 20, 2023. The deal adds USMMI’s fleet and long-term government contracts (including Military Sealift Command work and a Tanker Security Program award) to the acquiring fund’s portfolio to expand capabilities and diversify assets and counterparties.

Maritime Partners Acquires M/G Transport from Auxo Investment Partners

August 10, 2022

Transportation

Maritime Partners, through its managed funds, has agreed to acquire M/G Transport Holdings LLC from Auxo Investment Partners and its affiliates. M/G, a longtime provider of inland barge transportation on the Lower Mississippi River and West Canal to Houston, will continue to operate under its brand with existing management; terms were not disclosed.

Francisco Partners Makes Significant Growth Investment in Veson Nautical

March 17, 2022

Cloud & SaaS

Francisco Partners has entered a definitive agreement to make a significant equity investment in Veson Nautical alongside existing investor Pamlico Capital and co-founder John Veson. The growth capital will help Veson accelerate product innovation, organic growth and pursue a targeted acquisition strategy in the maritime freight software market.

Hapag-Lloyd Acquires Stake in J M Baxi Ports & Logistics from Bain Capital Private Equity Affiliate

January 25, 2023

Logistics & Distribution

German shipping company Hapag-Lloyd has acquired the stake in Indian maritime logistics provider J M Baxi Ports & Logistics from a Bain Capital Private Equity affiliate. The sale, whose financial terms were not disclosed, transfers ownership following Bain's two-year investment that expanded J M Baxi's port capacity and logistics footprint across India. The transaction is subject to regulatory approvals.

Maritime Partners (via Project Merchant Acquisition) Acquires American Tanker Holding Company from AMSC ASA

August 22, 2023

Transportation

Funds managed by Maritime Partners, LLC (through newly-formed Project Merchant Acquisition LLC) agreed to buy American Tanker Holding Company, Inc. (ATHC), AMSC ASA's Jones Act tanker business, for aggregate gross cash proceeds to AMSC of US$249.3 million (enterprise value reported at US$746.7 million). ATHC owns nine handysize product tankers and one handysize shuttle tanker on long-term bareboat charters to Overseas Shipholding Group and Keystone Shipping; the deal is intended to complement Maritime Partners' existing vessel-lease portfolio and diversify lessee and asset exposure in the protected Jones Act market.

Delaware Valley Floral Group Acquires Marvin's Flower Gardens

November 3, 2025

Consumer Products

Delaware Valley Floral Group (DVFG) has acquired family-owned Marvin's Flower Gardens, a wholesale florist based in Indianapolis, to expand DVFG's presence in the Midwest. The Feldman family will remain involved in the business while Marvin's customers gain access to DVFG's product selection, logistics network, and e-commerce tools.