SEACOR Holdings Inc. announced December 7 that it has entered into a definitive agreement with an affiliate of American Industrial Partners—a New York-based private equity firm that focuses on buying,… Read More
Company News
Private equity firm CapitalWorks of Cleveland, Ohio, announced November 25 it has completed a majority investment in Electromechanical Research Laboratories Inc. (ERL) of New Albany, Ind., and subsidiary Law Valve… Read More
Pilot Thomas Logistics (PTL) and its family of companies, including Radcliff/Economy, Maxum Petroleum and Economy Boat Store, announced November 20 that PTL has received authorization from Coast Guard Marine Safety… Read More
Houston-based Thrustmaster of Texas has won a contract with Fincantieri Marinette Marine for the design, development and manufacture of the auxiliary propulsion unit (APU) to be installed on the U.S. Read More
The Shearer Group Inc. (TSGI) is celebrating its first decade in business. In 2010, Gregory Beers and Cory Wood, founders of Bristol Harbor Group Inc. (BHGI), purchased the assets of… Read More
Conrad Industries Inc. reported November 16 a net loss of $3.6 million, or -72 cents per share, for the third quarter. That compares to net income of $938,000, or 20… Read More
Callan Marine has announced the hiring of Matt Sitka as chief financial officer. A 15-year veteran of the industrial services, dredging, and marine construction industry, Sitka brings experience in the… Read More
Barge-builder and infrastructure firm Arcosa Inc. reported increased dry barge margins and double-digit growth in revenues in the third quarter but saw a weakness in liquid barge orders, which it… Read More
Svitzer and Caterpillar signed a Global Services Agreement November 18 designed to increase vessel up-time, drive service efficiency, and extend Svitzer’s overall service experience with Caterpillar. As the world’s largest… Read More
Company Wrench Ltd. announced it is the new dealer for Kobelco Construction Machinery USA Inc. in central Florida. Company Wrench also represents Kobelco in five other states, including North Carolina,… Read More
