Citi Capital Strategies Advises Millennium Industrial and Marine Solutions, Inc. on its Acquisition by Atlantic Marine Holding Company.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Millennium Industrial and Marine Solutions, Inc. ("Millennium"), a leading provider of remote, offshore maintenance, repair and overhaul Maintenance, Repair and Overhaul or MRO is a multi-billion dollar industry which works on international authorization rules to deliver a safe airline operation and to assure reliability and availability of customer fleets. ("MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ") services for offshore rigs and support vessels, has been acquired by Atlantic Marine Holding Company ("Atlantic Marine"), a provider of MRO and conversion services for commercial, offshore, U.S. Navy and other government vessels. Citi Capital Strategies, a leading provider of investment banking services to privately held businesses, served as the exclusive financial advisor to Millennium. The terms of the transaction were not disclosed. "We are pleased to advise on the partnership between our client and Atlantic Marine, a premier service provider in the MRO sector," said Mark Shorthouse, Vice President at Citi Capital Strategies. "This transaction is highly complementary for both parties. Millennium provides Atlantic Marine with additional offshore capabilities. In addition, Millennium can provide its customers with access to Atlantic Marine's facilities, providing a full suite of offshore and shoreside support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services ." Citi Capital Strategies is a leading investment bank dedicated to serving the needs of closely held and family owned businesses. Citi Capital Strategies specializes in mergers, acquisitions, recapitalizations, ESOPs, and capital solutions for private businesses. Citi Capital Strategies is a division of Citigroup Global Markets Inc. Member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . For more information, visit our website at www.citicapitalstrategies.com Millennium Industrial and Marine Solutions is a leading provider of MRO services for offshore rigs, offshore support vessels, drill ships, and cruise vessels. Millennium operates in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east and numerous international markets, including West Africa, Brazil and Singapore. Atlantic Marine, a J.F. Lehman & Company portfolio company, is a leading provider of MRO and conversion services for commercial, offshore, U.S. Navy and other government vessels as well as mega yachts. Atlantic Marine also provides marine fabrication services. The Company operates three strategically located facilities in Jacksonville, FL, Mobile, AL and on the Naval Station Mayport Naval Station Mayport is a major U.S. Navy base in northern Duval County, Florida. Since its commissioning in December 1942, NS Mayport has grown to become the third largest fleet concentration area in the United States. near Jacksonville. |
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