Maritime Partners to Acquire Centerline Logistics, Expanding Maritime Operations

Maritime Partners Acquires Centerline Logistics: A Strategic Move in Maritime Financing



In a significant development in the maritime industry, Maritime Partners, LLC, a prominent name in maritime financing, has announced its agreement to acquire Centerline Logistics, a leading marine transportation provider. The deal, made public on June 24, 2025, is a calculated move aimed at expanding Maritime Partners' influence in the maritime sector, particularly focusing on Jones Act vessels.

Details of the Acquisition


The acquisition comes after an extensive partnership between Maritime Partners and various stakeholders at Centerline, including major investors like Macquarie Capital and Steve Kadenacy. Steve Kadenacy, a board member at Centerline, expressed pride in the progress Centerline has made in recent years, highlighting a commitment to operational excellence and safety. Under the stewardship of its current management, the company has become a vital part of the U.S. energy and shipping supply chain.

Larry Handen, senior managing director at Macquarie Capital, echoed Kadenacy’s sentiments, emphasizing the strong leadership at Centerline and its proven track record of delivering superior results. He expressed confidence that Maritime Partners would carry forward this legacy, given their extensive experience in the maritime domain.

Centerline’s Strategic Importance


Centerline Logistics operates one of the largest fleets of Jones Act-qualified liquid petroleum barges, making it a crucial player in transporting essential commodities across the United States. With operations extending to the West, East, and Gulf Coasts, including Alaska, Hawaii, and Puerto Rico, Centerline not only supports energy transport but also engages in various maritime services, including towing and ship escort operations.

Maritime Partners’ CEO, Bick Brooks, articulated a clear vision for the future. He stated the importance of investing in high-quality assets and teams for long-term growth. The acquisition of Centerline is seen as a strategic opportunity that aligns with these goals. Brooks noted that Centerline's growth trajectory, established customer relationships, and a skilled workforce matched Maritime Partners' vision for future success.

The Path Ahead


Looking ahead, Maritime Partners aims to leverage its expertise and capital resources to fuel innovation and enhance operational capabilities within Centerline. By integrating its insights into the maritime sector, Maritime Partners anticipates unlocking significant value from this acquisition. Knowing the importance of regulatory approval, the company is working diligently to meet the necessary conditions for closing the deal, which is expected to finalize in the third quarter of 2025.

This acquisition is not only a vital step for Maritime Partners but also a notable moment in the maritime industry, reflecting a trend toward consolidation among companies looking to increase their market presence and operational effectiveness. Centerline’s management team, with its deep understanding of industry operations, will also remain a key asset moving forward.

About Maritime Partners and Centerline Logistics


Founded in 2015, Maritime Partners has emerged as an influential provider of maritime financing solutions, amassing a managed fleet of about 1,800 vessels dedicated to domestic operations. Specializing in the Jones Act trade, the company offers customized leasing services, making it a cornerstone of maritime operations in the U.S.

On the other hand, Centerline Logistics stands as a trusted name in marine transportation, committed to delivering exceptional service while maintaining a strong responsibility toward environmental standards and community welfare.

In conclusion, this acquisition between Maritime Partners and Centerline Logistics marks a defining moment in the maritime world, with potential ripples that may reshape operational strategies and partnerships within the industry. The collaboration embodies a shared vision for innovation and excellence, positioning both companies for success in the years to come.

Topics Business Technology)

【About Using Articles】

You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.

【About Links】

Links are free to use.