Carlyle Completes Vigor, MHI Holdings Acquisition

Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Portland, Oregon-based Vigor Industrial and Norfolk, Virginia-based MHI Holdings. As part of the agreement, Vigor Industrial LLC, an infrastructure, defense, and maritime services company, will be merged with MHI … [Read more...]

Portland-Based Vigor Industrial Acquired by Private Equity

Portland, Oregon-based Vigor Industrials is being acquired by global investment firm The Carlyle Group and private equity firm Stellex Capital Management. As part of the agreement, Vigor Industrial LLC, an infrastructure, defense, and maritime services company, will be merged with Norfolk, Virginia-based MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry … [Read more...]

Purpose-Built Liquefied Ammonia Barge Joins Jones Act Fleet

West Coast shipbuilder Vigor Industrial has delivered the articulated tug barge Harvest, the first purpose-built liquefied ammonia transport barge built in the United States for Jones Act trade in over three decades. Delivery was confirmed Tuesday by classification society ABS, which classed the ATB as well as the connecting tug Abundance, constructed and delivered by … [Read more...]

Delivery of the Harvest represents significant milestone for the U.S. fleet.

(Houston) ABS, a leading provider of classification and technical services to the marine and offshore industries, is pleased to confirm that the ABS-classed Harvest, an articulated tug barge (ATB) purpose-built to transport liquefied anhydrous ammonia, has been delivered to a subsidiary of Savage Companies by U.S. shipbuilder Vigor. “The delivery of this ATB represents a … [Read more...]