Tallvine Partners has acquired US marine infrastructure platform Donjon Marine for an unspecified sum.
Founded in 1964 and headquartered in Hillside, New Jersey, Donjon Marine provides a range of services, including dredging, salvage, emergency response, heavy lift, towing and environmental remediation. The company operates a fleet of more than 70 specialised vessels with over 1,000 linear feet of berth space.
The acquisition marks the creation of Tallvine’s third platform and the establishment of its North American marine infrastructure strategy.
Thomas Lefebvre, partner and CEO of Tallvine Partners, said: “The launch of our marine infrastructure platform and acquisition of Donjon Marine underscore our commitment to investing in resilient, essential infrastructure that supports global commerce, advances environmental stewardship, and delivers stable, recurring cash flows.
“With its long-standing reputation for safety, excellence and service, Donjon Marine is an ideal cornerstone for this platform. We are thrilled to partner with the Witte family and Donjon Marine’s executive team, world-class leaders in the marine sector, to drive the platform’s growth together.”
Victor Sosa, partner at Tallvine Partners, said: “We view this acquisition and partnership as a highly compelling opportunity to build a leading marine infrastructure platform across North America.
“We look forward to working closely with the team to pursue exciting initiatives, including expanding our geographic reach and service offerings, driving the growth and modernisation of our fleet, and executing strategic acquisitions in the sector.”
John A Witte Jr, CEO of Donjon Marine, said: “This is a truly transformative moment for Donjon Marine, and I am thrilled and honored to continue leading the platform.
“With a shared commitment to long-term investment, strategic growth, and innovation, we are poised to build upon Donjon Marine’s proud legacy, expand our reach, and continue to provide the highest level of service to our clients while seizing exciting new opportunities in the marine industry.”
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