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Americraft Marine Acquires Florida Jones Act-Compliant Shipbuilding Facility

Jun 21, 2022•over 3 years ago

Acquiring Company

Americraft Marine

Acquired Company

Shipbuilding Facility

Description

Today, Americraft Marine, a maritime subsidiary of the Libra Group, announced the acquisition of St. Johns Ship Building, a full-service marine facility specializing in constructing and repairing Jones Act-compliant vessels, including those used to service offshore wind turbines.

Company Information

Company

Americraft Marine

About

Americraft Marine (www.Americraftmarinegroup.com) was launched with the sole purpose to support and strengthen the U.S. shipbuilding industry and infrastructure with the goal to build St. Johns Ship Building as a center of excellence in Jones Act ship building. This includes building on its 15 years of experience to help grow the number of stable, skilled jobs in the shipbuilding business, while advancing the U.S. economy, competitiveness, and clean energy future. SOURCE Libra Group

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed