- The deal marks the third acquisition under Tallvine’s North America marine infrastructure platform, following Donjon Marine and Lind Marine
- Transaction followed a court-approved sale process tied to Crosby’s Chapter 11 bankruptcy proceedings
- Maritime veteran Mike Ellis is joining the platform as an operating advisor to Tallvine
Tallvine Partners’ North America marine infrastructure platform has completed the acquisition of substantially all assets of Crosby Enterprises and certain of its affiliates, for undisclosed terms. The deal expands the platform’s presence across the US Gulf Coast and inland waterways, strengthening its ability to provide maritime infrastructure services in key US markets.
Headquartered in Galliano, Louisiana, Crosby provides critical marine infrastructure solutions across the Gulf Coast and inland waterways, including offshore and inland towing, dredging, rock placement, marine construction support and shipyard services. Its fleet of more than 150 tugboats, dredges, support vessels, and shipyard and berth facilities support the operation and maintenance of the region’s navigable waterways, ports, and energy and industrial infrastructure. Crosby’s crews, vessels, shipyards and shore facilities will continue serving customers without interruption, and Mike Ellis, who brings more than three decades of maritime management and operating experience, is joining the platform as an operating advisor to Tallvine.
Thoroughbred Investment Partners will remain the platform’s industrial partner.
“Crosby is a strong addition to our North American marine infrastructure platform, bringing a leading presence in one of the country’s most active maritime markets,” said Thomas Lefebvre, partner and CEO of Tallvine. He added that the firm is committed to investing in Crosby’s people, fleet and infrastructure while preserving its operational excellence.
The transaction was completed following a court-approved sale process conducted in connection with Crosby’s Chapter 11 proceedings, approved by the US Bankruptcy Court for the Eastern District of Louisiana on September 3, 2026. It represents the third acquisition under Tallvine’s North America marine infrastructure platform, following its September 2025 acquisition of Donjon Marine and its May 2026 acquisition of Lind Marine.
Based in Miami, Tallvine Partners is an independent investment advisor focused on middle-market infrastructure opportunities across the energy and utilities, transportation and logistics, and communications sectors in North America.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.