J.P. Morgan‑Advised Investors Acquire Bold Ocean from NOVA Infrastructure

July 31, 2024

NOVA Infrastructure has exited Bold Holdco, LLC (Bold Ocean/Schuyler Line Navigation Company) to institutional investors advised by J.P. Morgan Global Alternatives' Global Transportation Group. Headquartered in Annapolis, Maryland, Bold Ocean is a U.S.-flag maritime operator that runs nine vessels under long‑term time charters with the U.S. government and other counterparties; financial terms were not disclosed.

Buyers
Institutional investors advised by J.P. Morgan Global Alternatives' Global Transportation Group, J.P. Morgan Global Alternatives' Global Transportation Group (advisor)
Targets
Bold Holdco, LLC (Bold Ocean / Schuyler Line Navigation Company)
Sellers
NOVA Infrastructure
Industry
Transportation
Location
Maryland, United States
Transaction Type
Divestiture

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