Buy-out firm acquires Harvey Gulf International MarineNews // July 23, 2008
Private equity firm Jordan Co is to acquire Harvey Gulf International Marine in a US$500 million deal.
Jordan is a US$5 billion firm based in New York, and said it is buying the Harvey, Louisiana-based company in partnership with two of Harvey's current owners and executives, Shane and Shawn Guidry.
Under the terms of the deal, Jordan will own 76 per cent of Harvey Gulf, while management would own the rest.
Shane Guidry will serve as chairman and chief executive of the company, while his brother Shawn will be chief operating officer.