Bollinger Shipyards to acquire VT Halter Marine and ST Engineering Halter Marine Offshore
Bollinger Shipyards (“Bollinger”), the largest privately-owned and operated shipbuilder in the United States, has entered into an agreement to acquire VT Halter Marine, Inc. and ST Engineering Halter Marine Offshore (“STEHMO”), together a leader in the design, engineering, construction, and repair of complex, state-of-the-art vessels for government and commercial customers, from parent company ST Engineering North America, a leading technology, defense and engineering group, according to the company's release.
Bollinger’s acquisition increases the shipyard’s growing new construction and repair portfolio. All ongoing programs are to be conveyed with the transaction. Notably, the Polar Security Cutter (PSC) program for the U.S. Coast Guard and the Auxiliary Personnel Lighter-Small (APL(S)) program for the U.S. Navy. Given the proximity to Bollinger’s existing facilities, Bollinger will be able to support further efficiencies and resolution of any potential capacity constraints.
The acquisition includes 378 acres comprising 2 shipyards in Pascagoula and two dormant yards north of Pascagoula. The newly acquired yards will be renamed Bollinger Mississippi Shipbuilding and Bollinger Mississippi Repair. The Pascagoula facilities are strategically located with direct, deep-water access to the Gulf of Mexico and houses corporate office space, engineering, fabrication, warehousing and a foreign trade zone. The shipyard consists of 225,000 square feet of covered production area in the main fabrication assembly buildings. The facility is capable of producing Panamax-sized vessels up to 50,000 DWT and features an expanded 225.6m (740ft) tilt-beam launch system.
Bollinger Shipyards LLC has a 75-year legacy as a leading designer and builder of high-performance military patrol boats and salvage vessels, research vessels, ocean-going double hull barges, offshore oil field support vessels, tugboats, rigs, lift boats, inland waterways push boats, barges, and other steel and aluminum products from its new construction shipyards as part of the U. S. industrial base. Bollinger has 14 facilities, all strategically located throughout Louisiana with direct access to the Gulf of Mexico, Mississippi River and the Intracoastal Waterway. Bollinger is the largest vessel repair company in the Gulf of Mexico region.
ST Engineering North America is the U.S. subsidiary of ST Engineering, a global technology, defense and engineering group with a diverse portfolio of businesses across the aerospace, smart city, defense and public security segments.
