Huntsman Gay Exits Grand Isle Shipyard

Middle-market buyout shop Huntsman Gay Global Capital has exited its investment in oilfield maintenance services company Grand Isle Shipyard. NANA Development Corp., based in Anchorage, Alaska, acquired the company. The sale is Huntsman Gay’s first exit since it closed its debut $1.1 billion fund in July of 2009. Terms of the sale were not disclosed.

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