The Maritime Executive - May June, 2011

8/6/2019 The Maritime Executive - May June, 2011

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MOBILE AL PASCAGOULA MS ORANGE TX

For more information or facility tour Carl Wegener +1.251.544.2628 Rob Busby +1.713.557.4517 www.signalinternational.com

Maximizing your investment.

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Drydock ships, workboats and barges

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Accommodate the largest of vessels forpierside repair along our 4000 waterfront.

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sel repair division of the Signal family of yards.

Our $9 million shipyard and dry dock renovation

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Situated on the Mobile River, SSR is only thirtyunobstructed miles to the Gulf of Mexico. The

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YOUR RELIABLE PARTNER IN SHIP, RIG & CREW MANAGEMENT

Founded in 1993, Lowland International NV is an international

shipping company. We provide services for parties in the shipping

and offshore industry involved in third-party technical ship management

and ship operation. Lowland International NV operates on behalf of the

ship and offshore owners and maintains a large pool of seafarers from

20 different countries.

In several countries, Lowland International supports schools that are

specialized in the education of Marine Officers. We serve a specific market

for exacting clients. From our offices across 20 countries, we work to fulfill

owners high expectations globally. With the regulations of the MLC coming

into force in 2012, Lowland International NV is ready to provide the shipping

and offshore industry with high quality services.

To contact us, please visit our website:www.lowland.com

Lowland International NV

Lireweg 14

2153 PH Nieuw-Vennep

The Netherlands

P.O. Box 3036

2130 KA Hoofddorp

The Netherlands

T +31 (0)88 557 01 01

F +31 (0)88 557 01 50

E [email protected]

St. Maarten Office

Welfare Drive 16, unit #10

Cole Bay

St. Maarten

Mobile +599 587 992

E [email protected]

www.lowland.com


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PROJECT & CONSTRUCTION MANAGEMENT

SAFETY, ENVIRONMENTAL & QUALITY MANAGEMENT

VESSEL DESIGN & NAVAL ARCHITECTURE

ENGINEERING

SHIP MANAGEMENT

SALVAGE & EMERGENCYRESPONSE

FULL SERVICE LOGISTICS

No one can match our depthwhen dealing with complex maritime challenges.

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Crowley has spent more than a hundred years amassing the kind of experience that makes us the go-to provider for

every one of our services. But we really excel when we cohesively integrate those services to meet your overall goal.

Work with us and well assign an extraordinarily experienced Project Management Professional to demonstrate the

efficiencies and peace of mind we can offer for even the most complicated maritime projects. Wherever in the world

your challenges lie, call our Vice President, Craig Tornga, for a free consultation on any one or a combination of

Crowley technical services offerings at +1-281-774-5410, or visit www.crowley.com.


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GREASE-FREERUDDER BEARINGS,

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Targa Resources Partners LP (the Part-nership), through its wholly ownedsubsidiary, Coast Energy Group LLC, hasacquired Flex Tank Systems, a refined pe-troleum products and crude oil storageand terminaling facility in Channelview,Texas. Located on Carpenters Bayou alongthe Houston Ship Channel, Flex Tank canhandle multiple grades of blend stocks,

products and crude. The transaction waspaid entirely with cash funded through bor-rowings under Targas senior secured re-volving credit facility. Total value of thetransaction is below the Hart-Scott-RodinoAct minimum.

This transaction will be immediately ac-

cretive to the Partnerships unit holders andis complementary to our existing terminal as-

set base and business along the Gulf Coast.This acquisition enables us to apply our cur-rent terminaling expertise to an expanded

product slate on a long-term fee basis andenhances the Partnerships cash flow mix andgeographical footprint. We expect to investincremental growth capital in the near futureto expand the capacity of the terminal sup-

ported by new long-term contracts. This is thefirst acquisition for our recently added prod-ucts and crude storage and terminaling teamwho has been charged with growing this asset

base. They are actively negotiating other re-fined products and crude storage and termi-naling acquisition opportunities that could be

consummated this year. If we were to acquirethese properties, they would also generatefee-based income and potentially provide or-ganic growth opportunities, said Rene Joyce,CEO of the Partnerships general partner andof Targa Resources Corp.

Built in 1981, Flex Tank Systems has ap- proximately 544,000 barrels of storage capacity and contains blending and heatingcapabilities, tanker truck and barge loadingand unloading infrastructure. Currently, thecapacity is 100-percent leased to customersthat include a multinational oil company andregional refineries. Also on site, there is a six

spot truck rack and one barge dock (for load-ing/unloading). The terminal is serviced bytruck and rail and by intercoastal barges thatdeliver and receive petroleum products.

IVS Investment Banking was the exclusiveadviser to Flex Tank Systems.

I had already known [IVS InvestmentBankings President] Thomas Brinsko forseveral years when his company was referredto me by another client of theirs, so I had a

good comfort level engaging them to helpsell Flex Tank, said Hank Thomas, presi-dent of Flex Tank Systems. IVS InvestmentBankings process included preparing finan-cial models and confidentially contacting asignificant number of strategic and financial

buyers. I felt completely informed and inthe loop during the entire process. We endedup receiving numerous expressions of inter-est. Were very pleased with the final results.

Through this difficult economic environ-ment, IVS Investment Banking successfullymarketed Flex Tank to potential buyers, saidBrinsko. We received interest from morethan a half dozen companies, which allowed

us to get the top end of market value.For more information on Targa

Resources, visit www.targaresources.comor call (713) 584-1133.

For more information on Flex TankSystems, visit www.flexservices.com or call(281) 862-2900.

If you are interested in selling, in-vesting in or buying companies in theenergy, industrial, and/or maritimesectors, please contact Thomas Brin-sko at IVS Investment Banking at(281) 538-9996, e-mail [email protected] or visit www.bicalliance.com.

Targa Resources Partners LPacquires Flex Tank Systems

IVS Investment Bankings John Zapalac, right,congratulates representatives of Flex Tank andCoast Energy Group. Pictured are, from left,Rex Bryan of Flex Tank, Frank Bay of CoastEnergy Group, Hank Thomas and Rick Riassettoof Flex Tank, Vincent Di Cosimo of Coast EnergyGroup and Clay Riassetto of Flex Tank.

Houston, TX

Dallas, TX

has acquired the assets of

Barcelona, Spain

has formed a strategic alliance andmade an investment with

New Orleans, LA

La Porte, TX

H IRI C R P R A E

Buffalo, MO

has acquired

has acquired through their subsidiary

Coast Energy Group LLC

100% of the assets of

Houston, TX

Channelview, TX

Houston, TX

Dallas, TX

has completed arecapitalization with

Contact IVS.

Delivering Premium Value for Business Owners

Management-led buyouts | Buying or selling a company | Leveraged recapitalization | Raising capital to grow

IVS Investment Banking serves as exclusive adviser to Flex Tank


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The Maritime Executive - May June, 2011

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