Norfolk-based shipping line acquires Florida-company
- August 2, 2012
Maersk Line Ltd. has completed its acquisition of 3PSC, a privately-held company that provides services to operate and maintain ships on Thursday.
Maersk Line will take over 3PSC’s current contract for the operation and maintenance of special mission ships owned by the U.S. Navy’s Military Sealift Command. The company plans to integrate 3PSC operations into its Norfolk headquarters by the end of the calendar year.
“The integration of 3PSC will strengthen our team and capabilities. We look forward to competing for new opportunities, for the Military Sealift Command and other programs that support the National Defense requirements,” John F. Reinhart, president and CEO of Maresk Line, said in a statement.
3PSC was founded in 2002 and has about 20 employees. The company is headed by Gary King, its founder, president and CEO who will leave 3PSC as part of the agreement.
Maersk Line is a provider of ship management, marine engineering, and chartering services to government and commercial customers.