Lone Star sells Vigor Marine Group to Antin Infrastructure Partners

What's the deal? Lone Star FundsDealroom has a profile for this one. Try Dealroom → has completed the sale of Vigor Marine Group to Antin Infrastructure PartnersDealroom has a profile for this one. Try Dealroom →. Financial terms were not disclosed.

What does Vigor do? Based in Portland, Oregon, Vigor operates shipyard and fabrication facilities across five locations and employs approximately 2,700 people in the Pacific Northwest, Virginia and California. It provides maintenance, repair and overhaul services, marine fabrication and related services to naval, defence and commercial maritime customers in the United States.

The rationale: During its ownership, Lone Star said it supported facility improvements, technology upgrades and the integration of Vigor into a single brand and operating platform.

The signal: The transaction moves a US maritime and defence-services operator from a private-equity owner to an infrastructure investor. Lone Star said it has organised 26 private-equity funds with aggregate commitments of approximately $96 billion since 1995.

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