GULF STREAM MARINE EXPANDS INTO LOUISIANA
HOUSTON, TEXAS (February 17, 2016) – Today, Gulf Stream Marine, the largest private stevedore and marine terminal operator on the Texas Gulf Coast, announced its expansion into Louisiana. Gulf Stream Marine expects to begin operations in Lake Charles immediately.
The company will serve new and existing customers in support of petrochemical and LNG terminal expansion projects. The Port Of Lake Charles Board of Commissioners awarded Gulf Stream Marine with its stevedoring license earlier this year.
Gulf Stream Marine is committed to integrating its operations into the region through local job generation and partnerships.
“When we enter a new deep water port, a critical part of Gulf Stream Marine’s strategy is to become a part of the community – to partner with the local port and adjacent businesses to create jobs,” said Kevin Bourbonnais, CEO, Gulf Stream Marine. “Our goal is to help grow the economy in Calcasieu Parish by hiring locally and investing in continued capacity expansion in the region.”
“It takes very specific expertise to handle project, heavy lift and general cargos, and Gulf Stream Marine continues to grow because we are constantly improving how we operate. Our unrivaled capabilities, which include more than 600 pieces of equipment, technology and proprietary terminal operations provide us with the flexibility, breadth and depth to deploy and scale quickly in the Port of Lake Charles and elsewhere,” added Bourbonnais.
Safety will also remain the top priority for Gulf Stream Marine’s operations in the Port of Lake Charles and the Texas Gulf Coast. According to Bourbonnais, “Through 25 years of cargo handling, we have maintained an industry-leading safety record, and we are 100% committed to ensuring that we uphold our reputation as one of the safest operators in the world.”
Gulf Stream Marine has existing operations in the Texas deep-water ports of Houston, Brownsville, Corpus Christi, Point Comfort and Freeport.
Gulf Stream Marine is a portfolio company of The CapStreet Group, a private equity firm that invests in growing lower middle market companies headquartered in Texas and surrounding states.
“The expansion into the Port of Lake Charles represents an exciting growth opportunity for Gulf Stream Marine,” said Neil Kallmeyer, managing partner, The CapStreet Group. “For the past few years, we have invested heavily in people, systems and capabilities to build the leading breakbulk stevedore in the region, and this entrance into Louisiana helps solidify our position throughout the Gulf Coast.”
About Gulf Stream Marine
Gulf Stream Marine is a leader in cargo handling, stevedoring and terminal operations in the Gulf Coast region. Founded upon the belief that a stevedoring company should be driven by the demands of its clients, Gulf Stream Marine has established a reputation as an industry leader. The company prides itself on being unique – more flexible, innovative and dependable than its competitors. www.gulfstreammarine.com
About The CapStreet Group
The CapStreet Group is a Houston-based private equity firm founded in 1990 that invests in owner-managed, lower middle market companies headquartered in Texas and surrounding states, with a particular emphasis on companies headquartered in the greater Houston area. CapStreet targets companies operating in the industrial distribution, industrial manufacturing and outsourced business service sectors and partners with management to accelerate growth and improve profitability. For more information, visit The CapStreet Group website, www.capstreet.com.