The Jordan Company, in Partnership with Guidry Family, To Acquire Harvey Gulf International Marine, Inc.

New York, NY: (July 21, 2008) – The Jordan Company, a leading middle market private equity firm, today announced the signing of a definitive agreement to acquire Harvey Gulf International Marine Inc. in partnership with two of its current owners and executives, Shane and Shawn Guidry. The transaction is valued at approximately $500 million and is expected to close in 30 days subject to regulatory approval.

Harvey Gulf International Marine is a third generation, family-owned and operated company marine transportation company. Founded in 1955 and headquartered in Harvey, Louisiana, Harvey Gulf specializes in towing drilling rigs and providing Offshore Supply and Multi-Purpose Dive Support vessels for deepwater operations in the U.S. Gulf of Mexico. These operations include surveying activities, offshore and subsea construction, and pipeline inspection and repair.

Under the terms of the agreement, The Jordan Company would own 76% of the fully diluted stock and management would own the remaining 24%. Shane Guidry will serve as Chairman of the Board and Chief Executive Officer of Harvey Gulf and all its affiliates while his brother, Shawn Guidry, will be Executive Vice President and Chief Operating Officer. Robert L. Gwinn has been promoted to President and Chief Sales Officer.

“Harvey Gulf has become the leader in the deepwater market with the largest drilling rigs in the Gulf of Mexico. This sale will give us the resources needed to expand our fleet as well as take full advantage of the growing opportunities in the oil and gas industry,” said Shane Guidry. “We look forward to providing our customers with a continued high level of service and safety standards which have proven successful for the company over the past 53 years.”

“The forward-thinking company strategy which Harvey Gulf has carried out for over half a century has proven to be a success year after year. We are excited to work with the Guidry Family and carry on the tradition of quality service within Harvey Gulf International Marine,” commented Richard Caputo, Managing Partner at The Jordan Company.

# # #

About The Jordan Company
The Jordan Company (www.thejordancompany.com), founded in 1982, is a leading middle-market private equity firm with over $5 billion of assets under management and a successful track record of investing in and growing businesses across a wide range of industries. The firm’s partners have been investing together for more than two decades, establishing The Jordan Company as one of the most experienced and stable investment teams in private equity. The investment team is supported by the firm’s Operations Management Group, which initiates and supports operational improvements in portfolio companies. The firm generates deal flow through a well-developed network of sourcing relationships. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai.

About Harvey Gulf International Marine, Inc.
Harvey Gulf International Marine, Inc. is a family owned and operated marine transportation company. They have been providing responsive service to the energy industry for the past 53 years. Currently, Harvey Gulf International Marine, Inc. owns and operates the largest Ocean Towing, Offshore Supply, Multi-Purpose Supply, and Offshore Supply Mooring Line Vessels in the Gulf of Mexico. For additional information, visit www.harveygulf.com

Contact:
Alex Stanton
Stanton Crenshaw Communications
(212) 780-0701
alex@stantoncrenshaw.com

Back