Resolve Marine Group in Alaska acquisition

AUGUST 28, 2013 — With vessel traffic growing in the environmentally-sensitive Aleutian Chain, Resolve Marine Group reports that is to acquire Magone Marine Services of Western Alaska.

Dan Magone, Founder of Magone Marine, (left) and Joe Farrell, Founder and President of Resolve Marine Group (right)

Resolve says that the result will be an emergency response and marine services company that combines the long-standing, deep and local expertise amassed by Magone Marine's Alaskan salvors with the extensive resources, personnel, and salvage and wreck removal experience of Resolve Marine Group.

The newly-formed business will be named Resolve-Magone Marine Services (Alaska).

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.

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 (below), 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.

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 becoming the leading 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.

Dan Magone, Founder of Magone Marine, (left) and Joe Farrell, Founder and President of Resolve Marine Group (right)