Consolidation predicted for workboat industry

At the WorkBoat Executive Summit, the day before the 2011 International WorkBoat Show, Joseph Markey, managing director and team leader of KeyBanc Capital Markets Regional Corporate Banking Business in New York City, predicted the workboat market would soon see increasing consolidation, speaking as part of the opening financial outlook panel. He said Kirby is the model, and there may soon be another company built to compete with Kirby.

What drives these predictions and what did he have to say about Blessey and others? Watch the following video to find out:


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