J. Russell Flowers Gets Acquired by Maritime Partners

Maritime Partners, LLC has increased it’s fleet of vessels to an approximate 1,600 vessels that were to include tow boats, tank barges, hopper barges and more after acquiring J. Russell Flowers, an independent leasing company and its affiliates growing the firms portfolio by an estimated $1.2 billion.

Bick Brooks, co-founder and CEO of Maritime Partners stated, “We are thrilled to complete the acquisition of the JRF portfolio. With this transaction, we’ll expand and diversify our fleet, enhancing our product offering as a one-stop solution for all marine equipment requirements.”