Huntington Ingalls agrees to transfer San Diego shipyard to Titan

February 13, 2020 at 10:17 AM
Huntington Ingalls Industries said this week its technical solutions unit has agreed to contribute its San Diego shipyard to Titan Acquisition Holdings, which is controlled by private-equity firms the Carlyle Group and Stellex Capital Management. When the deal is complete, HII said it will hold a minority interest in Titan. The transaction is expected to close in the second quarter of the year. "The addition of the San Diego Shipyard will expand Titan's ship repair and complex fabrication business with...

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