Titan Acquisition Holdings Acquires Huntington Ingalls' San Diego Shipyard
February 12, 2020
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.
- Buyers
- Titan Acquisition Holdings, The Carlyle Group, Stellex Capital Management
- Targets
- San Diego Shipyard (Huntington Ingalls)
- Sellers
- Huntington Ingalls Industries
- Platforms
- Titan Acquisition Holdings
- Industry
- Industrial Services
- Location
- California, United States
- Transaction Type
- Addon
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