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Guidry Family and The Jordan Company Complete Acquisition of Harvey Gulf International Marine

Published Jan 19, 2011 9:10 AM by The Maritime Executive

New York, NY – August 25, 2008 - Harvey Gulf International Marine, Inc., a leading marine transportation company, today announced the closing of its purchase by two of its previous owners and executives, in partnership with The Jordan Company, a leading middle market private equity firm. The total purchase price was approximately $500 million.

Founded in 1955, and headquartered in Harvey, Louisiana, Harvey Gulf International Marine is a third generation, family-owned and operated company marine transportation company. The company specializes in towing drilling rigs and providing Offshore Supply and Multi-Purpose Dive Support vessels for deepwater operations in the U.S. Gulf of Mexico, including surveying activities, offshore and subsea construction and pipeline inspection and repair.

Shane Guidry will stay on as Chairman of the Board and Chief Executive Officer, while Shawn Guidry continues as the Executive Vice President and Chief Operating Officer. Robert L. Gwinn has been promoted to President and Chief Sales Officer.

"Harvey Gulf is the leader in towing the largest drilling rigs in the Gulf of Mexico. In addition, Harvey Gulf has been known for providing customers with a consistently high level of service while meeting strict safety standards. With financial and operational support from The Jordan Company, we will be able to continue to invest in the new generation of technology, services and capacity needed to serve the growing needs of the marine and oil industry," said Shane Guidry.

"We are very excited to be backing Harvey Gulf and the Guidry family as they have built this company into a leader in the marine and oil industry. Building upon their success, we believe there are opportunities to further grow the business, meeting the increasing needs of its customers," said Richard Caputo, Managing Principal at The Jordan Company.

Mayer Brown LLP advised The Jordan Company on the investment.


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