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05/17/2006
Stonehenge Announces the Formation of Genesis Offshore, LLC
Darron Anderson and Stonehenge Capital Company, LLC are pleased to announce the capitalization and start-up of Genesis Offshore, LLC, an offshore vessel operator headquartered in Houma, Louisiana.
Genesis’ purchase of four crewboats on May 10, 2006, including two new generation fast suppliers of 150’ and 180’ length, makes it the largest African–American owned crewboat operator in the Gulf of Mexico. Customers include major and independent oil companies and other energy service companies operating in the Gulf of Mexico.
“We could not be more pleased with the timing of this transaction and the quality and capability of our fleet of vessels. With the help of our capital partner, Stonehenge Capital, we were able to fund this initial purchase and capitalize the company for continued growth. Plans include adding new-build fast supply boats and other vessels and services as dictated by our customers’ needs,” according to Genesis’ CEO and founder, Darron Anderson.
Nemesio Viso, Director of Stonehenge Capital, is equally excited by the prospects for Genesis Offshore. “We are privileged to back such a strong management team in Darron Anderson and Eric Tanzberger. Their experience and proven success in growing energy and marine service companies made this a compelling investment opportunity for our firm. The investment was an ideal fit for us given Stonehenge’s investment focus on the energy and marine service industries, in addition to meeting the mission of Stonehenge’s Community Development Fund’s strategy of investing in minority-owned companies and creating economic development in under-served communities. We are proud to be shareholders of a company that is creating jobs and economic development in a storm impacted Gulf Opportunity Zone Parish and whose corporate headquarters, and home port of its vessels, are located within low-income communities.”
ABOUT STONEHENGE: Stonehenge Capital Company, LLC is a nationwide specialty finance firm with expertise in mezzanine and private equity, tax credit finance and structured finance transactions. Stonehenge manages approximately $500 million in private equity funds through its offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, Texas, and Wisconsin.
About Stonehenge Community Development, LLC (“SCD”): SCD is a subsidiary of Stonehenge Capital Company created to provide flexible forms of debt, equity and mezzanine financing to businesses located in low-income communities nationwide, with a particular focus on minority-owned companies. Through its Stonehenge Capital / National Urban League Empowerment Fund, SCD coordinates with banks, state and local economic development programs, venture capital investors, angel investors, small business investment companies, and other capital sources to create investment products tailored to businesses' specific needs.
Genesis’ purchase of four crewboats on May 10, 2006, including two new generation fast suppliers of 150’ and 180’ length, makes it the largest African–American owned crewboat operator in the Gulf of Mexico. Customers include major and independent oil companies and other energy service companies operating in the Gulf of Mexico.
“We could not be more pleased with the timing of this transaction and the quality and capability of our fleet of vessels. With the help of our capital partner, Stonehenge Capital, we were able to fund this initial purchase and capitalize the company for continued growth. Plans include adding new-build fast supply boats and other vessels and services as dictated by our customers’ needs,” according to Genesis’ CEO and founder, Darron Anderson.
Nemesio Viso, Director of Stonehenge Capital, is equally excited by the prospects for Genesis Offshore. “We are privileged to back such a strong management team in Darron Anderson and Eric Tanzberger. Their experience and proven success in growing energy and marine service companies made this a compelling investment opportunity for our firm. The investment was an ideal fit for us given Stonehenge’s investment focus on the energy and marine service industries, in addition to meeting the mission of Stonehenge’s Community Development Fund’s strategy of investing in minority-owned companies and creating economic development in under-served communities. We are proud to be shareholders of a company that is creating jobs and economic development in a storm impacted Gulf Opportunity Zone Parish and whose corporate headquarters, and home port of its vessels, are located within low-income communities.”
ABOUT STONEHENGE: Stonehenge Capital Company, LLC is a nationwide specialty finance firm with expertise in mezzanine and private equity, tax credit finance and structured finance transactions. Stonehenge manages approximately $500 million in private equity funds through its offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, Texas, and Wisconsin.
About Stonehenge Community Development, LLC (“SCD”): SCD is a subsidiary of Stonehenge Capital Company created to provide flexible forms of debt, equity and mezzanine financing to businesses located in low-income communities nationwide, with a particular focus on minority-owned companies. Through its Stonehenge Capital / National Urban League Empowerment Fund, SCD coordinates with banks, state and local economic development programs, venture capital investors, angel investors, small business investment companies, and other capital sources to create investment products tailored to businesses' specific needs.
| Associated Company |
| Genesis Offshore |
| Associated Office |
| Baton Rouge |
