Mergers and Acquisitions

Americraft Marine Acquires St. Johns Ship Building

Americraft Marine, a maritime subsidiary of the Libra Group, announced June 21 that it has acquired St. Johns Ship Building, a full-service marine facility specializing in constructing and repairing Jones Act-compliant vessels.

Based in Palatka Fla., near Jacksonville, St. Johns Ship Building provides new construction and repair of a wide variety of steel and aluminum vessels, including ferries, tugs, deck and tank barges, landing crafts and general cargo vessels. Significantly, it is also one of the few U.S. shipyards that builds vessels that support and service offshore wind farms.

Americraft Marine is a subsidiary of the Libra Group, a privately-owned international business group whose subsidiaries own and operate assets in more than 50 countries.

“As a group that has over 45 years of maritime heritage through our original subsidiary Lomar Shipping, as well as significant renewable energy experience through four global clean energy subsidiaries, we are proud to invest in the future of U.S. competitiveness and energy security,” said Libra Group Chairman and CEO George M. Logothetis. “With seasoned leaders who have decades of experience in the maritime industry and existing client relationships, Americraft Marine and St. Johns Ship Building will build upon and bolster the U.S. fleet, meeting government and customer needs while supporting the nation’s economic and clean energy future.”