|
AltAssets is the private equity news and research service from Almeida Capital
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
PRINT THIS PAGE The Jordan Company to acquire Harvey Gulf for $500m21/07/2008. Source: AltAssets. 
US mid-market private equity firm The Jordan Company has agreed to acquire marine transportation company Harvey Gulf International Marine for $500m. Under the terms of the agreement, The Jordan Company would take a 76 per cent stake in the company, with management holding the remaining 24 per cent.
Founded in 1955, Harvey Gulf specialises in towing drilling rigs and providing offshore supply and multi-purpose dive support vessels for deepwater operations in the US Gulf of Mexico.
Richard Caputo, managing partner, The Jordan Company, said, 'The forward-thinking company strategy which Harvey Gulf has carried out for over half a century has proven to be a success year after year. We are excited to work with the Guidry Family and carry on the tradition of quality service within Harvey Gulf International Marine.'
Earlier this year, the firm closed its second private equity fund, The Resolute Fund II, on $3.6bn.
Copyright © 2008 AltAssets
|
 
|
|
|
