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The private equity firm's deal comes with a recapitalization of Motor-Services Hugo Stamp (MSHS) Group completed in partnership with existing owners. The company is a services provider for marine and power generation applications.
Maritime Activity Reports, Inc. February 22, 2021
Fincantieri Marine Systems North America (FMSNA) has entered into a teaming agreement with Motor-Services Hugo Stamp (MSHS).
MSHS distributes a wide range of products for the maritime and stationary power industries. FMSNA provides integrated propulsion systems, engineering, and sustainment services to government and commercial markets.
The strategic alliance between the two will add in-demand engine lines and components to the distributor’s product offering, and also will expand the reach and service network for FMSNA integrated marine systems and components. The expanded service capability, located in key fleet concentration areas, allows for rapid response to customer’s service needs and ensures maximum operational readiness of the fleet.