Platte River Equity (“PRE”) announced today that it has invested in TPG Mt. Vernon Marine, LLC (“TPG” or the “Company”) in partnership with incumbent management of the Company. Headquartered in Indianapolis, Indiana, TPG is a harbor services business operating on the Ohio and Green Rivers. TPG’s services include barge shifting, fleeting and towing; barge repair; barge cleaning; stevedoring and fueling. The Company’s customer base consists of marine transportation companies, coal and grain terminals and commodity owners moving product on U.S. inland waterways.

“We are excited about our new partnership with Platte River Equity,” said Dan Altman, CEO of TPG. “The additional capital along with significant operating and financial experience of PRE’s principals will enable us to continue to execute on our growth strategy.”

Platte River Equity Managing Director Peter Calamari said, “We are pleased to partner with management in the recapitalization of TPG. The Company has earned a reputation as a premier provider in its markets, and TPG management has deep relationships throughout the industry. We are looking forward to working with TPG to leverage the Company’s experience, reputation and relationships to grow through both organic growth and strategic acquisitions.”

Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River Equity. Taft Stettinius & Hollister LLP served as legal counsel for the Company.

About Platte River Equity

Based in Denver, Colorado, Platte River Equity is a private equity firm focused on investments in lower middle market operating companies with enterprise values generally between $20 million and $250 million, as well as strategic add-on investments. The firm focuses on investing in the aerospace and transportation; energy and industrial services; and chemicals, metals and industrial minerals sectors. Platte River Equity currently manages funds with committed capital in excess of $300 million.


About TPG Mt. Vernon Marine, LLC

Headquartered in Indianapolis, Indiana, TPG operates at Mt. Vernon, IN, Jeffersonville, IN, and Uniontown, KY, on the Ohio River and near Henderson, KY, on the Green River. The Company owns or leases eleven vessels and a full-size dry dock which enables it to provide high quality harbor services. The company has grown from one to four locations over the past five years.


Lauren A. Metz

Business Development Associate

(303) 292-7321


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