:

Business/Financial

Lone Star Funds Completes Acquisition Of Ship Repair, Marine Businesses

By Cal Biesecker

Thursday, June 29th, 2023

SHARE:

Lone Star Funds Completes Acquisition Of Ship Repair, Marine Businesses

U.S. Navy Independence-variant littoral combat ship USS Manchester docked at Vigor Industrial. Photo: Vigor Industrial

The investment firms Carlyle [CG] and Stellex Capital Management on Thursday said they have completed the sale of ship repair and marine and heavy complex fabrication businesses to the private equity firm Lone Star Funds. The transaction was first announced in February and deal terms were not disclosed. Titan Acquisition Holdings, the ship repair and marine business now part of Lone Star Funds, consists of Vigor Industrial, an Oregon-based defense and maritime services company, Virginia-based MHI Holdings, which provides ship…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]