Marriott & Co. Serves as Exclusive Financial Advisor to Intracoastal Marine, Inc.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Intracoastal Marine, Inc. (“ICM” or the “Company”) in its sale to Intra Marine Group (“Intra Marine”), a portfolio company of CoLaTenTex, a Texas based multi-family office vehicle. The transaction closed on October 7, 2021. Terms of the transaction were not disclosed.
Founded in 2001, ICM is a leading provider of marine transportation services and operates a fleet of Company-owned tugboats and barges. The Company serves customers in a variety of industries including marine construction services, agricultural products and other marine transportation services. ICM is headquartered in Chesapeake, VA and operates on the East Coast and all along the Intracoastal Waterway.
About Intracoastal Marine:
Founded in 2001, ICM is a leading provider of marine transportation services and operates a fleet of Company-owned tugboats and barges. The Company is headquartered in Chesapeake, VA and serves customers in a variety of industries on the East Coast and all along the Intracoastal Waterway. For more information, please visit www.icmtugs.com.
About Intra Marine Group:
Intra Marine Group serves as a platform for leading marine services providers throughout the United States, providing ready assets and highly qualified people to help its customers move product safely, efficiently and effectively. Intra Marine Group is a portfolio company of CoLaTenTex, a Texas based multi-family office vehicle.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Contact: Justin Marriott
Phone: (804) 344-0952