Maritime Partners Completes Acquisition of Industry Leader Centerline Logistics

Premier US Flag Marine Transportation Company Joins Maritime Partners’ Growing Portfolio

NEW ORLEANS, Aug. 29, 2025 /PRNewswire/ — Maritime Partners, LLC (“Maritime Partners”) announced today that its flagship fund has acquired Centerline Logistics Corporation (“Centerline Logistics” or “Centerline”), a leading marine transportation company operating along the West Coast, East Coast and Gulf Coast of the United States. The transaction, which was first announced on June 24, 2025, closed on August 28, 2025.

The transaction incorporates Centerline into Maritime Partners’ growing portfolio of diversified marine assets, with Centerline’s highly experienced and dedicated management team remaining in place. In particular, Centerline’s Chief Executive Officer, Matt Godden, will continue to lead the company as CEO and as a minority investor in Centerline, as the transaction seeks to ensure continuity of both leadership and Centerline’s longstanding reputation for operational excellence, safety, and customer service.

“We are thrilled to complete this acquisition and welcome Centerline into our growing portfolio of proven industry leaders and innovators,” said Bick Brooks, Chief Executive Officer of Maritime Partners. “Centerline’s position as one of the nation’s largest operators of Jones Act-qualified liquid petroleum barges, their best-in-class leadership team, and their impressive track record of all-around operational excellence make this an ideal addition to our portfolio. Building on a decades-long legacy, the outstanding work by their entire team since 2019 has transformed Centerline into a truly unique and differentiated business that has consistently outperformed the market and competitors. Our strategic partnership with management and recognition of Centerline’s organization-wide excellence position us to leverage the expertise and capabilities of the existing team while providing the capital and resources needed to accelerate Centerline’s positive momentum and realize additional growth opportunities.”

“Maritime Partners is exactly the kind of forward-thinking, growth-oriented owner that Centerline needs to maintain our core culture of operational excellence, safety and customer support as we pursue emerging opportunities in today’s competitive and fast-evolving environment,” said Matt Godden, CEO of Centerline Logistics. “Maritime Partners’ deep understanding of the maritime industry, combined with their long-term investment approach, makes them an ideal partner for Centerline, aligning interests at all levels of the organization around providing truly differentiated service to our customers and partners. I’m excited about the opportunities that today’s transaction will create for our team and our business.”

Maritime Partners worked with ATLAS SP Partners to structure and arrange a warehouse facility supporting the acquisition of Centerline. The facility underscores Maritime Partners’ strong access to capital and provides both upfront funding for the acquisition as well as capital to support future growth as the platform scales.

About Maritime Partners

Maritime Partners is a leading provider of maritime solutions. Maritime Partners manages a diversified fleet of approximately 1,800 vessels, specializing in vessels that are used in the domestic Jones Act trades. A privately held company founded in 2015, Maritime Partners provides the assets that transport the commodities that represent the primary building blocks of the domestic economy, including agricultural products, chemicals, aggregates, crude oil, and refined petroleum products. Our management team leverages more than 50 years of combined operational experience in chartering, asset management, shipbuilding, and financing across all marine asset classes.

About Centerline Logistics

Centerline Logistics is a leading marine transportation company and one of the nation’s larger operators of Jones Act-qualified liquid petroleum barges, providing bunkering services, terminal transportation, ship-assist, and other critical services to customers along the West Coast, East Coast and Gulf Coast of the United States. Known for its exceptional safety record, operational reliability, and customer-focused approach, Centerline has established itself as a trusted partner to energy majors, shipping companies, and ports [for nearly 40 years]. Since 2019, the dedicated efforts of Centerline’s entire team have built a differentiated business that has delivered consistent operational outperformance versus competitors and market benchmarks while introducing innovative solutions and superior customer service. This collective commitment to excellence has solidified Centerline’s position as a premier operator in the Jones Act sector.