Blue Water Marine Capital, located in Linthicum, Maryland, and Horizon Offshore Services from Houston, Texas, have successfully completed a transaction where they purchased 25% of each other's stock. This partnership i...
Blue Water Marine Capital, located in Linthicum, Maryland, and Horizon Offshore Services from Houston, Texas, have successfully completed a transaction where they purchased 25% of each other's stock.
This partnership is an important step for both companies, helping them enhance their capabilities and set the stage for future growth in the maritime and offshore services fields.
Kevin Butler, the President and CEO of Blue Water Marine Capital, and Nikolas Nikolai, the CEO of Horizon Offshore Services, shared their excitement about the deal. They emphasized that both companies share similar visions, expertise, and a commitment to providing high-quality financial and operational solutions in the industry.
Kevin Butler commented, “This partnership helps us reach out more and serve our clients better with additional resources and expertise.”
Nikolas Nikolai added, “We are thrilled to team up with Blue Water Marine Capital and are eager to use our combined strengths to foster innovation and growth.”
The new cross-ownership setup aims to promote collaboration, boost operational efficiency, and open up new opportunities in vessel financing, offshore support, and maritime services on national and international levels.
Both companies will keep operating under their own brands while working closely together to offer expanded solutions to their valued clients.
About Blue Water Marine Capital
Blue Water Marine Capital is a top provider of maritime financing for the Workboat industry. They serve clients in the U.S. and internationally, offering customized capital solutions for vessel purchases and refinancing. They also finance Shipyard acquisitions and Dry Dock construction. Blue Water Marine Capital is part of the 4 Bridges Enterprises family of companies.
About Horizon Offshore Services
Horizon Offshore Services is based in Houston and specializes in commercial and technical support for offshore vessels. They provide maritime services, project management, ship repair, and shipbuilding, ensuring operational excellence in both U.S. and international offshore markets.