Keystone Business Advisors Facilitates Harbor Offshore Inc, (HOI)
(Ventura, CA) – Keystone Business Advisors recently announced that J.F. Brennan Company, Inc. (Brennan), a 4th generation family owned Wisconsin based marine construction, environmental services, and harbor management company acquired Harbor Offshore Inc, (HOI) for an undisclosed amount. HOI retained Greg Martin, M&A Broker of Keystone Business Advisors, as its M&A advisor to identify and negotiate a transaction with targeted strategic and private equity buyers. Keystone utilized a structured sales process with no set price that allowed buyers to demonstrate in the form of an offer their plan to integrate HOI and how the buyer arrived at their value offer. This process provided the seller with a good value and a successful transaction with a very strong buyer. The acquisition enabled Brennan to expand to the West Coast in addition to maintaining the strong management and employee base of HOI. HOI was in the market two previous times with agreements with different buyers that did not get through closing. It was very important to the owner this time to have a successful closing with a great buyer.
About Harbor Offshore, Inc.
Harbor Offshore, Inc. (HOI) is a leading marine construction company founded in 1997, led by our team with extensive experience in marine construction, subsea cable, diving, and marine security. Through its commitment to excellent customer support and satisfaction, competitive pricing, reliability, dependable delivery, professionalism in all relationships, cost-effectiveness, security and safety, Harbor Offshore is uniquely positioned to successfully execute coastal and offshore marine projects. HOI has offices in Ventura, California; Kona, Hawaii; Seattle, Washington; and Spokane, Washington.