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, Virginia.The transaction, subject to customary closing conditions, is expected to close by the end of the third quarter 2019.Financial terms were not disclosed.“Through
Victoria Shipyards VP Barker to Retire
immediately following Barker’s official retirement this Spring. O’Rourke has nearly 30 years experience in positions of leadership and senior management throughout North America. He joins Seaspan after most recently serving as Senior Vice President, Business Development at Vigor Industrial LLC in Oregon.
Tarabochia Joins EBDG as CFO
Elliott Bay Design Group hired Peter Tarabochia as its new Vice President, Chief Financial Officer. Tarabochia, formerly of Vigor Industrial, brings more than a decade of experience to his new role as Vice President, Chief Financial Officer. Throughout his career, he has played a vital role as an experienced financial leader for a number of fortune 500 enterprises. His background includes expertise in managing essential business and financial analysis combined with operational considerations to improve efficiency and profitability. Tarabochia is a graduate of the University of
Shipbuilding Merger: Oregon Iron Works and Vigor
Oregon Iron Works (OIW) and Vigor Industrial (Vigor) today announced the companies are merging to unite their strengths in advanced manufacturing, shipbuilding and ship repair. Under the terms of the merger, OIW will become a wholly owned subsidiary of Vigor Industrial. The combination creates the critical mass of innovation, infrastructure and financial strength needed to pursue even more complex projects, enter new markets and win more work than either could separately. “I’ve spent the last 40 years building Oregon Iron Works into a company with some of the country’s most
