AN affiliate of Private equity investment firm HIG Capital (HIG) has made a strategic investment in port logistics business Ship Supply International.
Founded in 1968 and headquartered in Miami, Florida, Ship Supply provides timely and complex last-mile delivery of critical products and maritime services to cruise, cargo and military marine vessels. Through its asset-light business model, the Company has created a highly-scalable platform that executes on critical customer requirements in over 100 domestic and international ports.
“We are very excited about Ship Supply’s next phase of growth and to partner with HIG,” says Christian Giannakopoulos, President of Ship Supply. "HIG’s knowledge of our industry will provide us with the financial, operating and strategic resources to further capitalise on our significant growth potential and will enhance our core mission of serving as a trusted, long-term partner to our clients."
Jeff Zanarini, a Managing Director at HIG, says: “Christian and the Ship Supply team have built a premier business with a commitment to providing clients with best-in-class service. There are numerous compelling opportunities, both domestically and internationally, to build upon this platform. We look forward to supporting Ship Supply in its growth as we continue to set new standards of excellence in the maritime industry.”
