![]() ![]() The result of our investment focus was the combination of MHI with Vigor and the formation in 2019 of Titan, now a bi-coastal leader in critical ship repair services, and commercial and defense-related fabrication services. Titan is well-positioned to maintain its positive trajectory, and we wish the team continued success in its next phase of growth.”ĭavid Waxman, Managing Director, Stellex, said: “From the moment Stellex acquired MHI in 2015, we have partnered with management to capitalize on changing market dynamics to build a stronger company to further serve customers with quality and reliability. Throughout a particularly unprecedented time, with the pandemic and supply chain constraints, the Titan team has continually executed on its strategy to successfully grow the business, refine its market segments, and expand into new geographic territories. Government customers.ĭerek Whang, Managing Director at Carlyle, said: “We are proud of the many accomplishments of the Titan team over the course of our partnership. Coast Guard, Military Sealift Command, Boeing, cruise lines, fishing fleets, barges, ferry services for local and state governments, and other key commercial U.S. Titan is comprised of Vigor Industrial LLC, an infrastructure, defense, and maritime services company based in Portland, Oregon MHI Holdings LLC, a ship repair, maintenance, and other ship husbandry services company based in Norfolk, Virginia and Continental Maritime of San Diego (CMSD). The transaction is expected to close in 2023 upon satisfaction of customary closing conditions, including certain governmental approvals. ![]() There is no time limit on the validity of this release nor is there any geographic limitation on where these materials may be distributed.Dallas, Texas, New York, NY, Portland, OR, – Funds managed by global investment firm Carlyle (NASDAQ: CG) and private equity firm Stellex Capital Management today announced a definitive agreement to sell Titan Acquisition Holdings, a bi-coastal leader in ship repair services and marine and heavy complex fabrication, to an affiliate of Lone Star Funds. I understand this permission signifies that photographic or video recordings of me may be electronically displayed via the Internet or in the public setting. Additionally, I waive any right to royalties or other compensation arising or related to the use of my image or recording. Photograph & Video Release Formīy completing this registration I hereby grant permission to the rights of my image, likeness, and sound of my voice as recorded on audio, video or in the form of a photograph in any method without payment or any other consideration. In the event The Knowledge Coop reschedules a class date instead of canceling the class, the student may elect to accept the new class date or receive a refund of class fees paid. In the event The Knowledge Coop cancels a class, the student will receive a full refund of class fees paid. On a rare occasion it might be necessary for The Knowledge Coop to cancel a scheduled class. If a registrant is unable to attend a live event and does not cancel or reschedule, under the Cancellation Policy, the registrant (now deemed a “No-Show”) remains responsible for the full registration fee. Alternatively, students may be transferred into an online version of the course for no additional fee. A rebooking fee of $25.00 will be charged at the time of registration for the new course. Students may be given the opportunity to reschedule for another live class if one is available. ![]() Please be advised that all fees must be paid in advance. No refunds will be issued for course cancellations. ![]()
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