Rock Hill Capital Group has recapitalized LeBlanc Marine LLC, a provider of marine construction, barge and tug services and material offloading services along the Gulf Coast. No financial terms were disclosed.
HOUSTON–(BUSINESS WIRE)–Rock Hill Capital Group (“Rock Hill”) today announced that it has completed a majority recapitalization of LeBlanc Marine, LLC (“LeBlanc” or the “Company”), a marine service company providing marine construction, barge & tug services, and material offloading services along the Gulf Coast.
LeBlanc, founded in 2004 by Ben LeBlanc, began by providing barge cleaning and repair services as well as tug support from its primary facility in the Port of Iberia, in New Iberia, Louisiana. In 2015, Ben partnered with Cody Fortier, and the Company launched its marine construction division. The Company’s marine construction services includes dredging, levee construction, and coastal restoration. In late 2015 LeBlanc began providing material offloading services for many of its key material vendors along the Gulf Coast and Mississippi River.
“Ben and Cody have built a robust platform to provide marine construction and ancillary services along the Gulf Coast. The LeBlanc team is highly entrepreneurial, we look forward to helping them broaden their geographic footprint and expand into new service offerings,” Randall B. Hale, Managing Director of Rock Hill.
“We believe Rock Hill’s involvement will provide the strategic insight and operational guidance needed for us to elevate to the next level. We are excited to have found a partner that recognizes the opportunity for growth and thinks about the business like we do,” said Ben LeBlanc, CEO of LeBlanc.
LeBlanc represents the third investment by Rock Hill’s third fund – Rock Hill Capital III, L.P. Debt financing, and legal representation services for the transaction were provided by BBVA Compass and Winston & Strawn, respectively.
About Rock Hill Capital
Rock Hill Capital, founded in 2007 and headquartered in Houston, Texas, is a private equity firm that invests in small-to-lower middle market companies located in the South and Southeast U.S. Rock Hill is currently investing out of its third committed capital fund totaling $150MM focusing on companies in the industrial products and services industries. Take a deeper look at Rock Hill Capital and what makes our investments so successful by visiting www.rockhillcap.com.