Crowley, SEACOR to Create New, Standalone Company Through Integration of U.S. Jones Act Tank Vessel Fleets
Vinson & Elkins advised Crowley Maritime Corporation in connection with an agreement with SEACOR Holdings, through its subsidiary Seabulk Tankers, Inc., to form a joint venture that will integrate their respective fleets of “Jones Act” vessels engaged in liquid energy and chemical transportation, and their respective, related operations and services into a new, independent U.S. Jones Act service provider, Fairwater Holdings LLC.
The Vinson & Elkins team was led by partners Creighton Smith, Nettie Downs and John Michael and senior associate Jordan Fossee, with assistance from associates Tushar Parashar and Patrick Reintjes. Also advising were partner Todd Way and associate Dan Henderson; partner Becky Baker and associate Peter Goetschel; partners Patricia Adams and David D’Alessandro, senior associate Brian DeShannon and associate Cassandra Zarate; partners Darren Tucker and Kara Kuritz, counsel David Smith and associate Adam Thomas; associate Ryan Bullard; partner Brett Santoli and senior associates Maya Bobbitt and Jen Bassett; counsel Rajesh Patel and associate Haley Titcomb; partner Matt Dobbins and associate Kelly Rondinelli; counsels Brian Howard and Elizabeth McIntyre and associates Pete Thomas and Connor Wilson; and associate David Smith.
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