Centerline Logistics to Join Forces with Maritime Partners in Strategic Acquisition
Deal News | Jul 18, 2025 | Orrick, Herrington & Sutcliffe
Centerline Logistics, a pivotal player in the US energy and shipping supply chain, is set to be acquired by Maritime Partners, a prominent provider of maritime financing solutions. This acquisition aims to harness synergies between Centerline’s operational prowess and Maritime Partners' financial acumen to drive innovation and expand capabilities in the Jones Act maritime sector. Maritime Partners, managing a fleet of approximately 1,800 vessels, will bring its deep sector expertise and resources to enhance Centerline's business model. The partnership reflects a long-term strategy to invest in high-quality maritime assets and capabilities. Orrick, Herrington & Sutcliffe, with a history of advising on Centerline’s significant transactions, represented Centerline in this deal.
Sectors
- Transportation and Logistics
- Finance and Leasing Services
Geography
- United States – Centerline Logistics operates along the U.S. West, East, and Gulf Coasts, including Alaska, Hawaii, and Puerto Rico.
Industry
- Transportation and Logistics – Centerline Logistics is involved in marine transportation and logistics, playing a critical role in the energy and shipping supply chain.
- Finance and Leasing Services – Maritime Partners provides maritime financing solutions, specializing in vessel leasing under the Jones Act.
Financials
- 425 million USD – Refinancing of Centerline Logistics' outstanding debt, notable as a Marine Money Jones Act Deal of the Year.
- 455 million USD – Centerline's inaugural whole business securitization.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Centerline Logistics | Target company | Company | A leading marine transportation company operating in the US energy and shipping supply chain. |
| Maritime Partners | Bidding Company | Company | A provider of maritime financing solutions with a managed fleet of about 1,800 vessels. |
| Orrick, Herrington & Sutcliffe | Legal advisor | Company | Provided legal advisement to Centerline Logistics during the acquisition deal. |
| Macquarie Capital | Strategic Partner | Company | Supported Centerline's acquisitions and strategic expansions. |
| Steve Kadenacy | Board member | Person | Centerline board member, acknowledging the strategic vision executed in recent years. |
| Bick Brooks | CEO | Person | Co-founder and CEO of Maritime Partners, emphasizing strategic growth and innovation. |