Rock Hill Capital Announces its Investment in LeBlanc Marine, LLC

HOUSTON–(BUSINESS WIRE)–Rock
Hill Capital Group (“Rock Hill”) today announced that it has
completed a majority recapitalization of LeBlanc
Marine, LLC (“LeBlanc” or the “Company”), a marine service company
providing marine construction, barge & tug services, and material
offloading services along the Gulf Coast.

LeBlanc, founded in 2004 by Ben LeBlanc, began by providing barge
cleaning and repair services as well as tug support from its primary
facility in the Port of Iberia, in New Iberia, Louisiana. In 2015, Ben
partnered with Cody Fortier, and the Company launched its marine
construction division. The Company’s marine construction services
includes dredging, levee construction, and coastal restoration. In late
2015 LeBlanc began providing material offloading services for many of
its key material vendors along the Gulf Coast and Mississippi River.

“Ben and Cody have built a robust platform to provide marine
construction and ancillary services along the Gulf Coast. The LeBlanc
team is highly entrepreneurial, we look forward to helping them broaden
their geographic footprint and expand into new service offerings,”
Randall B. Hale, Managing Director of Rock Hill.

“We believe Rock Hill’s involvement will provide the strategic insight
and operational guidance needed for us to elevate to the next level. We
are excited to have found a partner that recognizes the opportunity for
growth and thinks about the business like we do,” said Ben LeBlanc, CEO
of LeBlanc.

LeBlanc represents the third investment by Rock Hill’s third fund – Rock
Hill Capital III, L.P. Debt financing, and legal representation services
for the transaction were provided by BBVA Compass and Winston & Strawn,
respectively.

About Rock Hill Capital

Rock Hill Capital, founded in 2007 and headquartered in Houston, Texas,
is a private equity firm that invests in small-to-lower middle market
companies located in the South and Southeast U.S. Rock Hill is currently
investing out of its third committed capital fund totaling $150MM
focusing on companies in the industrial products and services
industries. Take a deeper look at Rock Hill Capital and what makes our
investments so successful by visiting www.rockhillcap.com.

Contacts

Rock Hill Capital Group
Media Contact:
Stacey Wells,
713-715-7516
[email protected]
or
Deal
Referral:
Grant Jungeblut, 713-715-7509
[email protected]