BGL Announces the Sale of West Gulf Marine to Maritime Partners

Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of West Gulf Marine to Maritime Partners, a leading provider of maritime financing solutions primarily focused on Jones Act vessels. BGL's Transportation & Logistics Infrastructure investment banking team served as the exclusive financial advisor to West Gulf Marine in the transaction.

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, serving many of the country's major operators, including Kirby Corp, Canal Barge Company, Enterprise Product Partners, and more.

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. "This will provide Maritime Partners with a first-class operation that will complement their fleet needs while continuing to service the inland customers that West Gulf has served for decades," said Keith Fiegel.

West Gulf Marine started as an offshoot of their father, Harry Fiegel's Galveston Shipbuilding Company, a leader in the construction of oceangoing tank barges. "We started a new operation focused on the inland sector, and after building our first barges for Cenac Towing, we developed a strong following among the leading inland tank barge operators. "BGL did an incredible job positioning and communicating our story to the market which enabled us to find Maritime Partners who will usher in a new era of growth for West Gulf while maintaining the culture and dedication to building a premium product," said Bryan Fiegel.

BGL's Transportation & Logistics Infrastructure investment banking team, led by Managing Director Craig Decker, has deep sector knowledge and extensive transaction experience representing companies across marine, road, rail, aviation, and infrastructure sectors. Our Transportation & Logistics team is deeply connected across the industries we serve, maintaining strong relationships with strategic and financial buyers.