Vigor Industrial LLC (Vigor) is the dominant provider of ship repair services, vessel construction and ancillary marine and industrial services in the Pacific Northwest. Vigor operates shipyards and affiliated businesses in Bremerton, WA, Everett, WA, Portland, OR, Port Angeles, WA, Seattle, WA and Tacoma, WA. The Company’s clients include the U.S. Navy, MSC, MARAD, U.S. Coast Guard, Alaska Marine Highway System, National Oceanic & Atmospheric Administration, Washington State Ferries, product carriers and other commercial vessels. Vigor’s operations include 89 acres of shipyard facilities along the west coast as well as 8 drydocks and 2 new build operations.
Endeavour Capital has had a strong relationship with Vigor’s management team for over 10 years and in late 2010 an opportunity arose for its sister fund, Endeavour SEAM, to participate as a mezzanine lender in Vigor’s acquisition of Todd Shipyard Corporation which closed in February 2011.
In November 2011, Endeavour Capital acquired a minority interest in the Company to fund continued growth through acquisitions and additional investments in capital equipment.
www.vigorindustrial.com/
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