Resolve Marine Group to acquire Magone Marine of Alaska

The following is the text of a news release from Resolve Marine Group: 

(FORT LAUDERDALE, Fla.) — RESOLVE Marine Group, based in Fort Lauderdale, Florida has agreed to acquire MAGONE Marine Services of Western Alaska.  The result will be a greatly expanded, emergency response and marine services company that combines the long-standing, deep and local expertise massed by MAGONE Marine’s Alaskan salvors with the extensive resources, personnel, and vast salvage & wreck removal experience of RESOLVE Marine Group.  This newly-formed business will be named RESOLVE-MAGONE Marine Services (Alaska) and coincides with increased vessel traffic now in the environmentally-sensitive Aleutian Chain.  

The partnership between the two privately-held companies will be homeported at Dutch Harbor, where MAGONE Marine is based, and its founder, Dan Magone, will continue overseeing operations.  RESOLVE has relocated two vessels to augment MAGONE’s fleet in Alaska:  the salvage tug RESOLVE Pioneer, with an 80-ton bollard pull capability, and the salvage barge RMG 300, which has a 450-ton capacity crane on board.  RESOLVE Pioneer is an ABS class +A1, Ice Class 1C towing vessel and last February it towed the crippled Carnival Triumph passenger ship to Mobile, Alabama from Mexican waters.  

 “With RESOLVE’s added capabilities of personnel and equipment, it will now allow us to handle the increased potential of environmental threats to our region created by the significant rise in maritime activity,” said Dan Magone.    

“Dan Magone’s background is amazing and we’re really looking forward to adding his unique expertise to RESOLVE.  There’s no substitute for experience in our industry – and Dan sure has that,” said Joe Farrell, RESOLVE’s president.   

Both Magone and Farrell proudly share strong business values based in integrity and “equally important, we share the same moral rudder – the Good Lord above,” said Farrell.

RESOLVE Marine Group, Inc’s multi-faceted marine services organization provides marine salvage, wreck removal, emergency response and OPA-90 SMFF services, as well as marine emergency response and safety training, naval architecture and marine engineering on a worldwide basis.  Serving the global maritime and offshore industries – including both public and private sector clients – RESOLVE Marine Group, Inc. is dedicated to the protection of life, the environment and property at sea, and lives by its mission “To Leave the World a Better Place.”  RESOLVE is an ISO9001 certified company. 

MAGONE Marine has operated out of Dutch Harbor for nearly 40 years, providing salvage, emergency marine assistance, and ship repair services in the Bering Sea region.  It has evolved from a diving services company to become the premier locally-based provider of emergency response and vessel maintenance services in the area by growing to meet the needs of the developing marine transportation, fishing, fish processing, marine construction, site remediation, and offshore oil industries.  RESOLVE-MAGONE Marine Services (Alaska) will continue to offer these services, while further expanding on them.  

By Professional Mariner Staff