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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