Investment firm Tallvine Partners, Coral Gables, Fla., on Monday announced its acquisition of Donjon Marine Co. LLC, Hillside, N.J., a marine services company with operations across the United States. Financial terms were not disclosed.
Founded in 1964, Donjon Marine performs dredging, salvage, emergency response, heavy lift, towing, and environmental remediation. The company operates a fleet of more than 70 vessels, along with over 1,000 linear feet of berth space and a daily spoils processing capacity of 4,500 cubic yards in the New York and New Jersey harbors. It also operates a shipyard in the Great Lakes with a 1,250' drydock and over 200,000 square feet of production space on 44 acres. Donjon Marine employs more than 270 people and will continue to operate under its existing brand.
John A. Witte, Jr. will remain CEO of Donjon Marine, supported by executives Thomas and Paul Witte. Thoroughbred LLC, led by cofounders and managing partners Charles Wesley and Aaron Bowlds, will be an industrial partner.
The deal marks the formation of Tallvine’s third platform and the launch of its North American marine infrastructure strategy, the company said.
“The launch of our marine infrastructure platform and acquisition of Donjon Marine underscore our commitment to investing in resilient, essential infrastructure that supports global commerce, advances environmental stewardship, and delivers stable, recurring cash flows,” said Thomas Lefebvre, partner and CEO of Tallvine Partners. “With its long-standing reputation for safety, excellence, and service, Donjon Marine is an ideal cornerstone for this platform. We are thrilled to partner with the Witte family and Donjon Marine’s executive team, world-class leaders in the marine sector, to drive the platform’s growth together.”
Victor Sosa, partner at Tallvine Partners, said, “We view this acquisition and partnership as a highly compelling opportunity to build a leading marine infrastructure platform across North America. We look forward to working closely with the team to pursue exciting initiatives, including expanding our geographic reach and service offerings, driving the growth and modernization of our fleet, and executing strategic acquisitions in the sector.”
“This is a truly transformative moment for Donjon Marine, and I am thrilled and honored to continue leading the platform,” said John A. Witte, Jr., CEO of Donjon Marine. “With a shared commitment to long-term investment, strategic growth, and innovation, we are poised to build upon Donjon Marine’s proud legacy, expand our reach, and continue to provide the highest level of service to our clients while seizing exciting new opportunities in the marine industry.”
