Acquisition of Ownership Interests in Mare Island ~ Equity Financing Arranged by Taglich Brothers ~ November 2013

Mare Island Dry Dock, LLC (MIDD) is a ship repair company that provides dry docking and related repair services to large vessels on the West Coast. MIDD operates a 18+ acre facility fully equipped with two graving docks and extensive repair services. The company is a certified contractor to all military branches and also services the commercial community.

Mare Island Dry Dock is located at San Pablo Bay, approximately 23 miles northeast of San Francisco in Vallejo, California. The surrounding area is home to the Port of Oakland, the third busiest container port on the West coast of the United States. MIDD’s shipyard is one of only three in the local region.

MIDD provides its customers with a wide array of repair and overhaul services on vessels ranging from tugboats to cruise ships. Some of these services include dry docking, mechanical repairs, structural repairs, electrics repairs, major overhauls, new installations and lay berthing.

Taglich Brothers provided approximately $4.0 million in equity for the transaction.

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