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Crowley Maritime acquires Miami–based SeaFreight Agencies

Crowley Maritime acquires Miami–based SeaFreight Agencies
Crowley Maritime Corporation’s liner services and logistics groups has completed a purchase agreement today to acquire Miami-based SeaFreight Line, SeaFreight Agencies, and SeaPack, liner and logistics companies that serve the Caribbean and parts of Central and South America.

Jacksonville-based Crowley Holdings Inc., a holding company of the 123-year-old Crowley Maritime Corporation, is a privately-held family- and employee-owned company. The company provides marine solutions, energy and logistics services in domestic and international markets through several business lines including: Puerto Rico, Caribbean and Central America Liner Services; Logistics Services, Petroleum Services, Marine Services and Technical Services.

The newly combined services will give its customers comprehensive ocean freight and logistics services throughout the Caribbean Basin. Nineteen islands in the eastern and western Caribbean, Central America, and the South America countries of Guyana and Suriname will benefit from continuing focus on service and an extensive network of connectivity allowing customers to dependably get their products to the markets they serve.

“This acquisition represents a great opportunity for Crowley to grow its footprint and capabilities in the Caribbean Basin,” said Steve Collar, Crowley senior vice president and general manager, international liner services.

“SeaFreight offers about a 50-50 mix of markets that Crowley is currently in, as well as markets in which Crowley doesn’t currently participate. Bringing the company into the Crowley fold will allow us to better utilize assets in our current markets and to grow into new markets. 

“Like Crowley, SeaFreight is a privately-held company with a high-integrity, high-performance culture,” he said.

“Many of us recognise that our industry is undergoing fundamental change which emphasises the importance of scale and the wisdom of consolidation. In executing our agreement with Crowley, SeaFreight has chosen to work with a like-minded group which shares our commitment to service excellence, integrity and focus on the wider Caribbean,” said SeaFreight president Roland Malins-Smith.

TAGS: Ports