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Business/Financial

Bollinger To Acquire Halter Marine, Gaining Polar Security Cutter Program

By Cal Biesecker

Monday, November 7th, 2022

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Bollinger To Acquire Halter Marine, Gaining Polar Security Cutter Program

Artist rendering of the Polar Security Cutter. Image by Halter Marine and Technology Associates.

Bollinger Shipyards on Sunday evening said it has agreed to acquire VT Halter Marine and ST Engineering Halter Marine Offshore (STEHMO) in a deal that would give it the Coast Guard’s Polar Security Cutter (PSC) program, expand its work with the Navy, and enlarge its manufacturing and ship repair footprint. Singapore’s ST Engineering, which owns Mississippi-based VT Halter Marine and STEHMO, said it is selling the shipyards for $15 million on a cash-free and debt-free basis. The deal includes an…

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