Macquarie Capital announces successful exit from Centerline Logistics following acquisition by Maritime Partners

Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group, today announced the successful closing of the sale of Centerline Logistics to an investment vehicle managed by Maritime Partners, LLC. The transaction marks the culmination of a successful partnership with co-investors, including an affiliate of ArcLight Capital Partners and SilverBox Capital Co-Founder and Managing Partner Steve Kadenacy, both of which supported Centerline’s strategic growth and operational transformation.

Centerline operates one of the largest fleets of Jones Act-qualified liquid petroleum barges. It is a critical component of the United States’ energy and maritime logistics supply chain, specializing in in transporting and storing petroleum products, providing ship assist and escort services, and handling general cargo and rescue towing along the West, East and Gulf Coasts of the U.S., including Alaska, Hawaii and Puerto Rico.

During Macquarie Capital’s ownership of Centerline, it worked closely with the company’s leadership team to execute a series of operational growth initiatives and acquisitions. Under the leadership of Centerline CEO Matt Godden, the company grew its fleet and service offerings while maintaining a strong commitment to safety and excellence and delivering consistent superior results.

“Macquarie Capital was honored to support Centerline’s exceptional management team through a period of significant growth and performance,” said Larry Handen, Senior Managing Director at Macquarie Capital. “We are proud of what we accomplished together and confident that Centerline is well-positioned for continued success under Maritime Partners’ ownership.”

Matt Godden, CEO of Centerline Logistics, commented: "Macquarie Capital, Steve Kadenacy, and Arclight have been tremendous partners to Centerline through a variety of challenges and opportunities. We deeply appreciate the unwavering support and guidance from Macquarie Capital and its co-investors. The future with Maritime Partners is a bright next phase for the company and its stakeholders."

Holland & Knight LLP acted as legal counsel to Macquarie Capital. Orrick, Herrington & Sutcliffe LLP and Marino, Tortorella & Boyle, P.C. acted as legal counsel to Centerline, and Macquarie Capital served as exclusive financial advisor to Centerline.