VIGOR INDUSTRIAL
VIGOR INDUSTRIAL News
Lone Star Buys Shipyards Group Titan from Carlyle, Stellex Capital
Lone Star Funds has reached a del to buy U.S. shipbuilding and repair group Titan Acquisition Holdings from peer investment firms Carlyle and Stellex Capital Management. Financial terms were not disclosed.Titan is comprised of Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Ore.; MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry services company based in Norfolk, Va.; and Continental Maritime of San Diego (CMSD).
Furuno Equips Los Angeles' New Pilot Boats
The Los Angeles Pilot Service has taken delivery of two new pilot boats equipped with full suites of quality Furuno marine electronics. The 56-foot Angels Pilot…
Ship Repair: Inside the $60m Refit of RV Roger Revelle
This month MR dives inside the $60 million refit of RV Roger Revelle, a project which leverages a treasure trove of ‘lessons learned’ from recent refits in the academic research vessel fleet and highlights the value of slimming the vendor list.Research vessel (R/V) Roger Revelle is back at work after a midlife refit involving upgrades from top to bottom, bow to stern. The ship is owned by the Office…
The Carlyle Group, Stellex Capital Complete Acquisition of Vigor, MHI
Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Vigor Industrial LLC and MHI Holdings LLC. In addition, Carlyle and Stellex announced they have appointed Jim Marcotuli as CEO of the newly created company comprising Vigor and MHI, effective today.Marcotuli brings more than 30 years of leadership experience in the defense and manufacturing industries.
Vigor Lays Keel for Next Gen Landing Craft
Representatives from the U.S. Army and federal and local elected officials joined Vigor for a keel laying ceremony, celebrating the first milestone in the construction of the Army’s next generation landing craft, the Maneuver Support Vessel (Light) or MSV(L).The nearly billion dollar contract to build MSV(L) was awarded to Vigor in October, 2017. The new design, developed in partnership with BMT, improves the capabilities of the current LCM-8 and provides the optimal combination of performance…
WSF, Vigor Launch Hybrid-Electric Ferry Build Program
Dignitaries from the State of Washington joined Governor Jay Inslee, Washington State Ferries officials and Vigor Industrial employees yesterday (September 9) at Vigor’s Seattle, Washington shipyard to celebrate the launch of a new hybrid-electric ferry build program for the ferry operator. Speakers included Washington State Governor Jay Inslee; Roger Millar, Secretary of Transportation for Washington State Department of Transportation; and Vigor’s CEO, Frank Foti.
Vigor, MHI Acquired and Merged
In one a dramatic U.S. shipbuilding and repair move it was announced today that The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management signed a definitive agreement to acquire and merge Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon, and MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry services company based in Norfolk…
Shipbuilding: Vigor Picks Expansion Site
West Coast U.S. shipbuilding and repair powerhouse Vigor has selected a Vancouver, Washington site to be the home for its new all-aluminum fabrication facility.With a nearly billion dollar contract in its hip pocket to build the U.S. Army’s new landing craft over the next 10 years, Vigor is expanding it's shipbuilding operations to a new state-of-the-art aluminum fabrication facility with this project serving as the anchor for production.The facility as formerly the home of Christensen Yachts…
GREAT WORKBOATS: The Very Best 10 of 2018
MarineNews showcases the ten best of North America’s 2018 workboat deliveries. Domestic shipyard production is robust, innovative and getting greener. And, that…
Shipyard Focus: Vigor
Diverse Newbuild & Repair Business Buoys 2018The year 2018 is off to good start at Vigor. The Harbor Island facility welcomed a new drydock christened the Evolution. The $20 million Evolution is the third drydock at Vigor’s Seattle facility and largest in the Puget Sound region, measuring 640 x 115.5 ft. with a lift capacity of 22,000 LT.Other investments in Seattle include a buildout of a dedicated…
Vigor Delivers Third Passenger Ferry to San Francisco
Argo is now in operation on the Alameda/Oakland routes in San Francisco.Vigor recently delivered Argo, the third of four all aluminum, 400 passenger ferries to the…
Shipbuilding: Vigor Industrial Grows Stronger
Vigor Industrial has ballooned from a modest shipyard in Portland, Oregon, to the largest shipbuilder in the Pacific Northwest and Alaska. Vigor increasingly thinks big and builds big. The company’s new floating dry dock will be the largest in the United States. And Vigor wants to get even bigger. CEO and owner Frank Foti expresses an ambition to grow to twice the current size in the “next few years.” Foti…
Vigor Industrial Promotes Bryan Nichols and Grant Fosheim
Vigor Industrial made two promotions in its sales and marketing team, advancing Bryan Nichols to Manager of Sales and Marketing and Grant Fosheim to Sales and Marketing Associate. Bryan Nichols joined Vigor Industrial in 2011 as a sales representative. He will now serve as Manager of Vigor’s Sales and Marketing division, which is focused on the new build and major refit markets. He will supervise Vigor’s…
Vigor Industrial to Acquire Todd Shipyards
Todd Shipyards Corp. (NYSE: TOD) and Vigor Industrial LLC announced that they have entered into a definitive agreement under which Vigor will acquire the stock of Todd for $22.27 per share…
