DOJ Clears Pasha Group’s Acquisition of Horizon HawaiʻiApril 23, 2015, 2:28 PM HST · Updated April 23, 2:29 PM 0 Comments
By Maui Now Staff
The Pasha Group, one of the nation’s leading Jones Act shipping and integrated logistics companies, has served the Mainland-Hawaiʻi trade lane since 2005.
Upon closing, Pasha Hawaiiʻi, a wholly owned subsidiary of the family-owned global logistics company, will assume operations for all of Horizon’s Hawaiʻi business, including Horizon’s four US flag container ships in the Hawaiʻi trade lane.
The Pasha Group will also acquire Horizon subsidiaries Hawaiʻi Stevedores Inc., the California-based operations of Sea-Logix LLC, which provides trucking and warehousing services; and Sunrise Operations, a subsidiary that will include Horizon’s vessels and Hawaiʻi-based employees.
After closing, Pasha will partner with Jacksonville, Florida-based Crowley Maritime Corporation to provide ship management of the vessels and crew through Crowley subsidiary Marine Transport Management Inc.
In becoming part of Pasha, Horizon’s Hawaiiʻi business will operate alongside Pasha Hawaiiʻi’s existing operations, which include Pasha’s two Jones Act-qualified vessels, the M/V Jean Anne and the new M/V Marjorie C.
By expanding its operations with Horizon’s Hawaiiʻi fleet, Pasha will provide customers with a wider offering of scheduled shipping and logistics services for containers, refrigerated containers, and a variety of roll-on/roll-off cargoes.
“We are excited for the opportunity to welcome Horizon’s Hawaiʻi family of employees to the Pasha team,” said George Pasha, IV, president and CEO. “I am confident that the combination of our two businesses will allow us to more effectively serve our new expanded customer base. I look forward to working together with all of our customers to assure we deliver solutions that meet and exceed expectations.”
Pasha said the company plans to make significant upgrades to the Horizon fleet, and that environmental responsibility and stewardship will continue to be a major part of Pasha Hawaiʻi’s culture and vessel operations. The company will stay actively involved with local charities and organizations in the communities it serves, he said.