CenterGate Capital has announced an investment in Poseidon Barge, a leading sectional barge manufacturer and rental provider, to support its growth and enhance operational capabilities in the marine infrastructure sector.

Information on the Target

Poseidon Barge, established in 1986 and headquartered in Berne, Indiana, is a prominent manufacturer and rental provider of sectional barges for marine infrastructure across North America. With eight additional satellite distribution yards strategically located throughout the United States, Poseidon caters to critical applications including bridge rehabilitation, dam maintenance, and waterway dredging. The company specializes in the manufacture, sale, and rental of Poseidon-branded sectional barges and accessories, offering a wide range of sizes and configurations tailored to the diverse needs of its clientele.

Poseidon is recognized for its extensive customization capabilities and boasts one of the largest sectional barge rental fleets in the country. Under the leadership of President Mary Habegger-Fox, the company emphasizes best-in-class customer service and innovation to ensure that it meets the evolving demands of the marine infrastructure market.

Industry Overview in the Target’s Specific Country

The marine infrastructure industry in the United States represents a vital component of the nation's economy, supporting sectors such as transportation, energy, and agriculture. With an extensive network of waterways, ports, and harbor