PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

HIG Capital portfolio company Ship Supply International acquires Alliance Supply Management

Private equity company HIG Capital’s portfolio company Ship Supply International has acquired Alliance Supply Management.

Headquartered in Houston, Texas, Alliance is a port logistics business that provides time sensitive, last-mile delivery of required deck & engine maintenance products and critical perishable goods to commercial vessels throughout the US Gulf Coast. Since its founding in 1906, Alliance has achieved an industry-leading reputation and a long tradition of success while operating under the ownership of the Margolin family. Bruce Margolin, the President of Alliance, will join the Ship Supply team as Chief Commercial Officer.
 
“The Gulf Coast is an attractive market that we have targeted for growth,” says Christian Giannakopoulos, President of Ship Supply. “We are excited to expand our geographic presence by partnering with regional market leaders who share our commitment to providing clients with best-in-class service. The combination will broaden our product offering, diversify our customer base and create an efficient path to execute our strategy of developing a national and global platform for commercial port logistic services.”
 
Jeff Zanarini, a Managing Director at HIG, says: “Alliance adds tremendous complementary value and accelerates the growth potential of the Ship Supply platform. The acquisition, which was completed just months after our initial investment in Ship Supply, highlights our dedication to the maritime logistics sector and speaks to our ability to find and quickly execute on high-quality assets that support Ship Supply in setting new standards of excellence for its clients.”

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured