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Business/Financial

Lone Star Funds To Acquire Ship Repair, Marine Business

By Cal Biesecker

Friday, February 3rd, 2023

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Lone Star Funds To Acquire Ship Repair, Marine Business

Jim Marcotuli, CEO of Titan Acquisition Holdings. Photo: Titan

The private equity firms Carlyle [CG] and Stellex Capital Management last Friday said they have reached a deal to sell their ship repair and marine fabrication business to another private equity firm, Lone Start Funds. Terms of the deal for Titan Acquisition Holdings were not disclosed. The transaction is expected to be completed this year following regulatory reviews. Titan Acquisition Holdings includes infrastructure, defense and maritime services company Vigor Industrial, which is based in Portland, Ore., the ship repair and…

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