BIRMINGHAM, Ala. (November 14, 2012) — Founders Investment Banking, LLC (Founders) today announced its successful advisement of newly formed Louisiana Marine Operators, LLC (LMO) on the purchase of selective assets from Lafayette Workboat Rentals, a portfolio company of Lime Rock Partners.

 

Louisiana Marine Operators, LLC focuses on providing the safest, most reliable, and most economical service vessels for the oil and gas services industry. They specialize in transportation on the Intracoastal Waterway between Florida and Texas and procuring equipment for construction, drilling and production projects in the Oil Patch. Under the advisement of Founders, LMO purchased selective assets from Lafayette Workboat Rentals and will expand its customer base and service offerings.

 

“Louisiana Marine Operators offers a competitive solution with strong marine assets,” said Founders’ Managing Partner, Duane Donner. “They have all the characteristics for success:  an experienced operations team, strong industry relationships, commitment to excellence, a track record of safety, and the highest level of integrity. The company is well positioned to focus on what they do best in providing top quality marine assets with talented crews and reliable operational support.”

 

Founders acted as the exclusive financial advisor to LMO in the acquisition and financing of the new entity. Founders provided a suite of customized, results-focused advisory services that included building a comprehensive funding model, determining the amounts and timing of internal and external capital requirements, providing acquisition and working capital and advising on the drafting and execution of legal documents.

 

“I could not have been more pleased with the way Founders managed this process and look forward to our ongoing partnership,” said Mike Donner, founder and CEO of LMO. “Their deep industry knowledge, impeccable follow-through and experience were invaluable to me throughout this engagement.

 

About Louisiana Marine Operators, LLC

With more than 60 years of combined marine experience in its staff, Louisiana Marine Operators provides the safest, most reliable and most economical service vessels in the industry.  Their specialties include transportation on the Intracoastal Waterway between Florida and Texas and procuring equipment for construction, drilling and production projects in the Oil Patch.  No matter how big or small, Louisiana Marine Operators can and will do whatever it takes to help make their clients’ projects easier to manage while simultaneously being a long-lasting corporate citizen of Louisiana by providing jobs and opportunities to both private and corporate neighbors. For more information, visit: www.lmoperators.com.

 

 

About Founders Investment Banking, LLC

Founders Investment Banking is a merger and acquisition advisory firm based in Birmingham, Alabama. Its team’s proven expertise and process-based solutions help companies and business owners access capital and prepare for and execute liquidity events to achieve specific financials goals. The firm’s practice areas include a General Transaction Practice focused on the oil and gas services sector as well as clients from a variety of industries located in the Deep South, and an Internet and Digital Media Practice that serves clients operating nationwide in the Internet and digital media sector. In order to provide securities-related services, certain principals of Founders are registered securities agents with Burch & Company, Inc., a registered broker-dealer. Burch and Founders are not affiliated entities. For more information, visit: www.foundersib.com.