Grand Isle Shipyards, Inc. Acquired by Huntsman Gay Global Capital

Grand Isle Shipyard, Inc. provides construction services to clients in the oil and gas industry. Its services include pipe and structural fabrication; onshore and offshore painting; offshore, onshore, and plant construction and maintenance; environmental services, including tank and vessel cleaning; heavy equipment, dirt, and aggregate sales, delivery, and placement; arctic construction, modular fabrication, and arctic-grade blast-resistant modules; and structural, process piping, and fabrications detailing.

Huntsman Gay Global Capital is a middle-market private equity firm based in Palo Alto, California, with over $4.25 billion of cumulative capital commitments. Co-founded by Jon M. Huntsman, one of the world’s leading industrialists, and Robert C. Gay, a former managing director of Bain Capital, the firm focuses on middle market leveraged buyouts and growth equity investments.