Jim Davis family office eyeing Marquette Transportation acquisition

Jim Davis family office eyeing Marquette Transportation acquisition

We created this article as part of our research process for our US single family office database. Here, we are highlighting a planned deal of Redwood Holdings, the Jim Davis family office.

According to insider sources, the investment firm BDT & MSD Partners is preparing the sale of a majority stake in Marquette Transportation to the family office of Jim Davis (Redwood Holdings). Marquette Transportation was founded by Ray Eckstein in 1978. It is one of the largest US marine transportation firms, operating more than 120 marine vessels. The firm’s ships are active on various waterways, such as the Caribbean, Central America, the Ohio River, the Tennessee-Tombigbee Waterway or the Intracoastal Waterway. The firm ships grains, sand, feed products, fertilizer, fuels, and petrochemicals, as well as containers, mining vehicles, military equipment, and more.

Sale from the Dell family office to the Jim Davis family office

The transaction from BDT & MSD Partners to Redwood Holdings values the company around $1bn. BDT&MSD itself was created in January 2023, after the merger of merchant bank BDT & Company and MSD Partners, the Michael Dell investment firm. The family office of Jim Davis has furthermore invested inf irms like Grain Craft and Newly Weds Foods. Jim Davis stands behind the recruitment firm Allegis Group.

Article Source: BNN Bloomberg
Picture source: Venti Views

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