Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, has successfully advised on the sale of West Gulf Marine to Maritime Partners, a prominent provider of maritime financing solutions specializing in Jones Act vessels, reads an official press release.
Founded and headquartered in Galveston, Texas, West Gulf Marine specializes in the construction of tank barges used to transport black oil, petrochemicals, refined products, and more along the inland and intracoastal waterways. The company serves many of the country’s major operators, including Kirby Corp, Canal Barge Company, and Enterprise Product Partners.
Bryan Fiegel and Keith Fiegel, President and Vice President of West Gulf Marine, respectively, have grown the business over the past 40 years to become one of the premier barge builders for the inland maritime sector. “It is great to be selling the business to a group that understands the maritime culture and will preserve the legacy of the business,” said Bryan Fiegel.
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Source: PR Newswire
