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

Maritime Partners Acquires J. Russell Flowers Portfolio

December 1, 2021

Transportation

Maritime Partners, through its managed funds, acquired a diversified portfolio of over 1,000 marine vessels operating on bareboat charter from J. Russell Flowers, Inc. The deal grows Maritime Partners' fleet to roughly 1,600 vessels (estimated fair market value ~$1.2bn), making it the largest lessor of marine equipment in the United States.

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.

OneWater Marine Acquires Norfolk Marine

November 16, 2021

Retail

OneWater Marine Inc. has reached an agreement to acquire Norfolk Marine Inc., expanding OneWater’s presence in the Mid-Atlantic and establishing its first dealership in Virginia. Norfolk Marine is a third-generation, family-owned full-service boat dealer that generated over $20 million in sales in the prior twelve months and offers new and pre-owned boat sales, parts, finance and service; the deal was expected to close in Q4 2021.

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

August 22, 2023

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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.

Karman Space & Defense Acquires Seemann Composites and MSC

February 8, 2026

Aerospace & Defense

Karman Space & Defense completed the acquisition of Seemann Composites and MSC, establishing a new Maritime Defense Systems end market and adding advanced materials, acoustic coatings and propulsion capabilities. The company amended its credit agreement to increase its incremental term loan to $772 million to fund the transaction and expects the deals to be immediately accretive to 2026 financial metrics.

Searchlight Capital Acquires Minority Stake in Synergy Marine Group

October 7, 2022

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Funds advised by Searchlight Capital Partners acquired a minority ownership stake in Synergy Marine Group, a Singapore-headquartered global ship manager. The investment will support Synergy's digitalization, capability expansion and continued growth across its ship management, crew management and marine services operations.