Bluejay Advisors (“Bluejay”), an Investment Bank exclusively focused on the transportation and logistics industry, served as the exclusive sell-side advisor to Transmarine Navigation Corporation (“Transmarine”) in its sale to T. Parker Host (“HOST”). Transmarine is a subsidiary of Horizon Air Freight (“Horizon”) backed by GHK Capital Partners (“GHK”) since 2024.
Transmarine, founded in 1938 and headquartered in Long Beach, California, is a leading U.S. tramp ship agency with offices in a dozen port cities along the West Coast, Gulf Coast, and Hawaii.
HOST, founded in 1923 and headquartered in Norfolk, Virginia, is a leading provider of maritime agency and terminal services.
This significant transaction forms the largest independent tramp ship agency in the United States.
“We are proud to have supported GHK and Transmarine’s leadership team on their landmark transaction with T. Parker Host, uniting two distinguished ship agency leaders with highly complementary cultures of safety, service, and operational excellence,” said Eric Heath, Managing Director of Bluejay Advisors. “It was a pleasure collaborating with professionals on both sides to execute a successful transaction and we look forward to their continued success in the years ahead.”
“Working with Bluejay was an absolute pleasure. Their professionalism, organization, and dedication kept the project on track and made the entire process smooth and enjoyable. As it was my first time working on an acquisition, I truly appreciated how supported I felt every step of the way,” said Leslie Clements, Managing Director of Transmarine.
“Bluejay was transparent and helpful throughout the entire process. I’m not sure that the deal would have gotten done without Eric and Tucker matching our sense of urgency,” said Adam Anderson, Chairman and CEO of T. Parker Host.
Read the full Press Release here.
About Bluejay Advisors
Bluejay Advisors is a sell-side and buy-side investment bank solely focused on transportation and logistics transactions. The Bluejay team is comprised of senior M&A professionals with more than 150 years of combined experience in transportation and logistics with a proven history of value creation. Learn more about Bluejay at our website.
About Transmarine Navigation Corporation
Founded in 1938, Transmarine is a leading U.S. tramp ship agency, headquartered in Long Beach, California, and with offices in a dozen port cities along the West Coast, Gulf Coast, and Hawaii. The most prestigious firms in the shipping industry trust Transmarine to manage their port call operations with safety and efficiency. For more information, visit their website.
About T. Parker Host
HOST is a ship agency, stevedoring, and terminal operations company with an over 100-year-old reputation for excellent service and solutions in the maritime industry. With a focus on customer success, HOST has developed a reputation for trust, transparency, and outstanding service. Fore more information, visit their website.
