Joint Venture – Joint Venture in Connection with the Acquisition of Three Oil Tankers

Seward & Kissel represented Ridgebury Tankers in connection with a joint venture with Riverstone Capital and Tufton Marine. The joint venture acquired 3 handysize refined product tankers.

Ridgebury is a dynamic and resourceful shipping company with a growing fleet of modern, high-quality crude and refined-product tankers. Ridgebury is owned together by company management and Riverstone, an energy and power-focused private investment firm that has offices in New York, London, Houston, Mexico City, and Amsterdam. Riverstone has approximately $39 billion of equity capital raised that conducts buyout and growth capital investments in the exploration & production, midstream, oilfield services, power, and renewable sectors of the energy industry.