H.I.G. Capital News

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Jeff Zanarini
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Ship Supply International, an H.I.G. Capital Portfolio Company, Completes the Acquisition of Marine Trading Services

MIAMI – February 13, 2017 – H.I.G. Capital ("H.I.G."), a leading global private equity investment firm with $21 billion of equity capital under management, is pleased to announce that its portfolio company, Ship Supply International (“Ship Supply”) has acquired Marine Trading Services Inc (“MTS” or the “Company”).

Headquartered in South Hackensack, New Jersey, MTS is a leading regional port logistics business that provides time-sensitive, last-mile delivery of critical perishable goods and deck & engine maintenance products to vessels. The Company has built a tradition of world-class service with the ability to serve customer needs at all ports between Portland, Maine and Norfolk, Virginia.

“We are excited about the strategic expansion of our operations into the Northeast. MTS will greatly enhance our ability to serve customers at the critical Port of New York, the East Coast’s largest” commented Ares Michealides, Chief Executive Officer of Ship Supply. “The combination will broaden our product offering, diversify our customer base and accelerate the growth of the Ship Supply platform as we continue to execute on our vision of creating a global leader for commercial port logistic services.”

Panos Livanos, President of MTS, commented, “We are very excited to start a new chapter in joining the Ship Supply team. We will continue to be focused on providing customers with industry-leading service and solutions. Ship Supply’s resources and capabilities should allow us to enhance our value-added solutions for existing customers and forge relationships with new customers in our core geographies.”

"We are pleased to support Ship Supply in its acquisition of MTS," commented Jeff Zanarini, a Managing Director of H.I.G. Capital. “The investment further supports Ship Supply’s global strategy to set new standards of excellence for its clients. MTS is the fourth add-on acquisition Ship Supply has made since H.I.G. acquired the Company in 2015 and highlights our continued dedication to the maritime logistics sector and our ability to find and quickly execute on high-quality assets.”

About Marine Trading Services
Headquartered in South Hackensack, New Jersey, MTS is a full service ship chandler that provides provisions, bonded goods, chemicals, medical equipment and deck & engine supplies to clients across the Northeast. MTS combines its long-standing relationships with premier specialty suppliers & distributors with the logistical expertise to provide time-sensitive, customized port logistic solutions. MTS is committed to providing quality merchandise, unmatched service, and one-stop shopping to maritime clients of all nationalities and registries.

About Ship Supply
Headquartered in Miami, Florida, Ship Supply has provided high quality goods and services to the maritime industry for nearly fifty years. The Company offers reliable port logistic services 24 hours per day / 7 days per week with the expertise to cater to the specific needs of a diverse set of specialty vessels and end-markets. Ship Supply offers seamless service to customers at over 100 domestic and international ports. The Company’s technologically-advanced capabilities and multi-lingual staff serves as the critical line of communication with vessels and crew to provide its clients a comprehensive solution for in-port requirements.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $21 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and Mexico City, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.