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Guidry Family and The Jordan Company Complete Acquisition of Harvey Gulf International Marine

Published on 2009-08-28. Author : SpecialChem

NEW YORK, NY -- Harvey Gulf International Marine, Inc., a leading marine transportation company, announced the closing of its purchase by two of its previous owners and executives, in partnership with The Jordan Company, a leading middle market private equity firm. The total purchase price was approximately $500 million.

Founded in 1955, and headquartered in Harvey, Louisiana, Harvey Gulf International Marine is a third generation, family-owned and operated company marine transportation company. The company specializes in towing drilling rigs and providing Offshore Supply and Multi-Purpose Dive Support vessels for deepwater operations in the U.S. Gulf of Mexico, including surveying activities, offshore and subsea construction and pipeline inspection and repair.

Shane Guidry will stay on as Chairman of the Board and Chief Executive Officer, while Shawn Guidry continues as the Executive Vice President and Chief Operating Officer. Robert L. Gwinn has been promoted to President and Chief Sales Officer.

"Harvey Gulf is the leader in towing the largest drilling rigs in the Gulf of Mexico. In addition, Harvey Gulf has been known for providing customers with a consistently high level of service while meeting strict safety standards. With financial and operational support from The Jordan Company, we will be able to continue to invest in the new generation of technology, services and capacity needed to serve the growing needs of the marine and oil industry," said Shane Guidry.

"We are very excited to be backing Harvey Gulf and the Guidry family as they have built this company into a leader in the marine and oil industry. Building upon their success, we believe there are opportunities to further grow the business, meeting the increasing needs of its customers," said Richard Caputo, Managing Principal at The Jordan Company. Mayer Brown LLP advised The Jordan Company on the investment.

About The Jordan Company:

The Jordan Company, founded in 1982, is a leading middle-market private equity firm with over $5 billion of assets under management and a successful track record of investing in and growing businesses across a wide range of industries. The firm's partners have been investing together for more than two decades, establishing The Jordan Company as one of the most experienced and stable investment teams in private equity. The investment team is supported by the firm's Operations Management Group, which initiates and supports operational improvements in portfolio companies. The firm generates deal flow through a well-developed network of sourcing relationships. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai.

About Harvey Gulf International Marine, Inc.:

Harvey Gulf International Marine, Inc. is a family owned and operated marine transportation company. They have been providing responsive service to the energy industry for the past 53 years. Currently, Harvey Gulf International Marine, Inc. owns and operates the largest Ocean Towing, Offshore Supply, Multi-Purpose Supply, and Offshore Supply Mooring Line Vessels in the Gulf of Mexico.

Source: Jordan Company


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