CenterGate Capital Partners with Poseidon Barge, a Leading Manufacturer and Solutions Provider of Critical Marine Infrastructure
Summary
Poseidon manufactures, sells, and rents Poseidon-branded sectional barges and accessories to support essential marine infrastructure including bridge rehabilitation, dam maintenance, waterway dredging, and various other critical applications. We have chosen a partner that understands these keys to our success and is committed to helping us maintain and continue to grow our strong customer experience. We are excited to partner with Poseidon to help them continue their growth and execute on our shared vision for the future.CenterGate Capital was represented by McGuireWoods LLP in the transaction.True North Strategic Advisors, LLC served as exclusive financial advisor to Poseidon.Poseidon is a leading provider of sectional barges and related equipment for marine infrastructure construction. Headquartered in Berne, Indiana, the Company operates throughout North America with additional satellite distribution yards in California, Texas, Wisconsin, Missouri, Louisiana, New York, North Carolina, and Florida.CenterGate Capital is an Austin, Texas-based private equity firm focused on partnering with lower middle market companies with the potential to achieve transformational growth through operational and strategic development. CenterGate brings a balance of financial and operational experience and strategic insight to assist management in driving long-term sustainable growth.For more information, please visit http://www.centergatecapital.com.