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Business/Financial

Lone Star Funds Completes Acquisition Of Ship Repair, Marine Businesses

By Cal Biesecker

Thursday, June 29th, 2023

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Lone Star Funds Completes Acquisition Of Ship Repair, Marine Businesses

U.S. Navy Independence-variant littoral combat ship USS Manchester docked at Vigor Industrial. Photo: Vigor Industrial

The investment firms Carlyle [CG] and Stellex Capital Management on Thursday said they have completed the sale of ship repair and marine and heavy complex fabrication businesses to the private equity firm Lone Star Funds. The transaction was first announced in February and deal terms were not disclosed. Titan Acquisition Holdings, the ship repair and marine business now part of Lone Star Funds, consists of Vigor Industrial, an Oregon-based defense and maritime services company, Virginia-based MHI Holdings, which provides ship…

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