Washington Marine Group
RA Capital Advisors was engaged to advise Dennis Washington and the Washington Corporation on acquisition strategies in the British Columbia marine transportation business. At the beginning of the relationship, Washington had no significant business interests in British Columbia. RA Capital Advisors advised Washington on the amalgamation of five acquisitions that resulted in the creation of the largest tug and barge fleet in Canada and one of the largest marine transportation companies in North America. Acquisitions included C.H. Cates & Stone Ltd. ($35 million purchase price), Seaspan International Ltd. ($137 million purchase price), Norsk Pacific Steamship Ltd. ($35 million purchase price), Kingcome Navigation Company ($34 million purchase price), and Coastal Marine Operations ($55 million purchase price).
- Industry: Marine
- Deal Type: Strategic Advisory, M&A – Buy-side, Financing
- Location: Vancouver, BC