Sarter Marine Towing Company Inc revealed it has actually set clear-cut terms for the sale of Sarter to The Great Lakes Towing Company.
Under the bargain, The Great Lakes Towing Company bought Sarter tugboats Donald J. Sarter as well as William C. Selvik, in addition to all sustaining equipment as well as devices as well as most various other shoreside possessions. The continuing to be 5 yanks in Sarter’s fleet will certainly be hired to the Towing Company under a long-lasting bareboat charter setup. The purchase shut on March 23, 2022.
Great Lakes has actually preserved all Sarter Marine staff members as well as will certainly supplement business with management as well as financial backing to assist assistance as well as boost Sarter’s present publication of lugging organization in the area.
Last loss, The Great Lakes Towing Company posted 2 yanks in Sturgeon Bay, consisting of among its historical “G” yanks as well as a previous Navy YTB. With the Sarter Marine Towing fleet, Great Lakes will certainly remain to give ship aid solutions to Fincantieri Bay Shipbuilding (FBS), the residential fleet of united state as well as Canadian lakers, as well as checking out international flag salties. The consolidated firms will certainly likewise remain to give icebreaking possessions for ice operate in Sturgeon Bay as well as bordering waters.
“The acquisition of Sarter Marine significantly enhances the Towing Company’s capabilities in Northern Green Bay and Lake Michigan. We look forward to integrating Sarter’s marine transportation capabilities and reach into the Towing Company’s operation, while continuing to provide superior service to the customers we have been privileged to serve for years,” claims Joe Starck, President,The Great Lakes Towing Company “This is really a win-win outcome for everyone involved.”
“The Sarter Marine Towing Team is excited to partner with Great Lakes Towing. They have been a pleasure to work with,” claimed Julie Sarter, President as well as Owner of Sarter Marine Towing.
