Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is announced the sale of West Gulf Marine to Maritime Partners, a leading provider of maritime financing solutions primarily focused on Jones Act vessels. BGL’s Transportation & Logistics Infrastructure investment banking team served as the exclusive financial advisor to West Gulf Marine in the transaction.
Founded and headquartered in Galveston, Texas, West Gulf Marine specializes in the construction of tank barges used to transport black oil, petrochemicals, refined products, and more along the inland and intracoastal waterways, serving many of the country’s major operators, including Kirby Corp, Canal Barge Company, Enterprise Product Partners, and more.
West Gulf Marine started as an offshoot of their father, Harry Fiegel’s Galveston Shipbuilding Company, a leader in the construction of oceangoing tank barges.
BGL’s Transportation & Logistics Infrastructure investment banking team, led by Managing Director Craig Decker, has deep sector knowledge and extensive transaction experience representing companies across marine, road, rail, aviation, and infrastructure sectors. Its Transportation & Logistics team is deeply connected across the industries served, maintaining strong relationships with strategic and financial buyers.
About Maritime Partners
Maritime Partners is a leading provider of maritime financing solutions, specializing in vessels that are used in the domestic Jones Act trade. With a managed fleet of approximately 1,800 vessels in service, Maritime Partners offers tailored leasing services to operators across the full spectrum of credit quality. A privately held company founded in 2015, Maritime Partners provides the assets that transport the commodities that represent the primary building blocks of the domestic economy, including agricultural products, chemicals, aggregates, crude oil, and refined petroleum products. Maritime Partners’ management team leverages more than 50 years of operational experience in chartering, asset management, shipbuilding, and financing across all marine asset classes.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has investment banking offices in Boston, Chicago, Cleveland, Los Angeles, and New York, and real estate offices in Chicago and Cleveland. The firm is also a founding member of REACH Cross-Border Mergers & Acquisitions, enabling BGL to service clients in 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC.
