Morgan Stanley looking to buy tanker specialist
Morgan Stanley is negotiating to acquire tanker specialist Heidmar Group, which controls and operates a fleet of 86 tankers within four revenue sharing pools and lightering operations.
'Morgan Stanley is excited about the possibility to push further into the global asset logistics business,” said John Shapiro, global head of commodities for Morgan Stanley.
The acquisition of Darien, CT-based Heidmar is subject to the negotiation of definitive transaction documents. Terms of the proposed deal were not disclosed.
Founder Per Heidenreich would continue to serve as non-executive chairman and other senior Heidmar employees would remain with the company.
Heidmar Group is also involved in vessel and derivative trading and marine logistics services.
Morgan Stanley looking to buy tanker specialist