Vigor Marine Group

Vigor Marine Group

Company type	LLC
Industry	Shipbuilding and Shiprepair
Founded	2000
Founder	Frank Foti
Headquarters	Portland, Oregon, U.S.
Area served	North America
Revenue	$400 million to $500 million (2013)[1]
Number of employees	2,500[2] (2025)
Parent	Titan Acquisition Holdings
Website	vigor.net

Vigor Marine Group, formerly Vigor Industrial, is an American shipbuilding, shiprepair, and industrial service provider based in Portland, Oregon. It consists of several subsidiary companies for a combined total of five shipyards with eight drydocks, more than 16,000 feet of pier space, and over 2,000 employees as of 2025.^[2]

In 1942, what is now Vigor's Swan Island facility in Portland began operations as the Swan Island Shipyard of the Kaiser Shipbuilding Company.^[3] After the end of the war, the Swan Island shipyard was purchased by the Port of Portland.^[2] In 1995, businessman Frank Foti bought the ship repair company Cascade General on the verge of bankruptcy from its previous owners, operating on leased space from the Port of Portland shipyard.^[4] With funding from the then-publicly traded Cammell Laird PLC in the UK, Transamerica Capital and Heller Capital, the Swan Island facility was purchased from the port in 2000 and the name Vigor Industrial was established.^[2][5]

In 2002, Vigor Industrial expanded operations to Port Angeles, Washington, with its subsidiary Washington Marine Repair. In 2010, the company purchased Marine Industries Northwest (MINI) in Tacoma, Washington.

In 2011, Vigor purchased Todd Shipyards's operations in Seattle, Bremerton, and Everett for $130 million.^[6][7] In 2012, they acquired Alaska Ship & Drydock in Ketchikan, Alaska.^[2]

In May 2014, the company announced that it was merging with Oregon Iron Works, another manufacturer based in the Portland area.^[8][1][9] Although both companies referred to it as a "merger", the deal made Oregon Iron Works a division of Vigor,^[8] a wholly owned subsidiary.^[9]

In March 2015, Vigor Industrial acquired Seattle-based aluminum workboat manufacturer Kvichak Marine Industries.^[10]

Vigor announced it would be ending operations at its Everett shipyard in 2017.^[11]

Vigor announced in late 2017 that it had won a $1 billion contract to produce U.S. Army landing craft, the largest contract in its history. The company selected Vancouver, Washington, as the production site for the vessels.^[12]

In July 2019, The Carlyle Group and Stellex Capital Management agreed to acquire and merge Vigor Industrial with MHI Holdings LLC,^[13][14] forming a parent company Titan Acquisition Holdings.^[15] Titan Acquisition Holdings was purchased by private equity firm Lone Star Funds in 2023.^[16]

In June 2025, Vigor Industrial consolidated with four other American marine companies—Continental Maritime of San Diego, MHI Ship Repair and Services, Seaward Marine Services, and Accurate Marine Environmental—to form the Vigor Marine Group.^[17][18] All the companies involved in the consolidation had been under the ownership of Titan Acquisition Holdings.^[19]

Vigor Industrial has several subsidiary companies which each focus on different specialties:

• Vigor Fab is Vigor's Pacific Northwest new-build subsidiary serving the needs of maritime customers from its facilities in Portland, OR, and Seattle and Everett, WA.^[20]
• Vigor Alaska or provides new-build, heavy fabrication, ship repair, and maintenance services in Ketchikan, Alaska.^[20]
• Vigor Marine specializes in commercial ship repair in Portland, OR, and Seattle, Tacoma and Everett, WA with the ability to mobilize teams to anywhere they are needed, including Hawaii.^{[21][22][23][24]}
• Washington Marine Repair provides resources for topside repair in Port Angeles, Washington.
• Vigor Shipyards handles maintenance for the Navy and Coast Guard in Seattle, Everett, and Bremerton, WA.
• Vigor Machine offers turbine and machining services from its facility in Portland, OR as well as on-site at customers' locations.
• Specialty Finishes and its Specialty Marine Decking unit provide industrial coating and marine decking services.
• Oregon Iron Works (acquired in 2014)
• Vigor Ballard is a Seattle, WA-based shipyard which provides new-build small vessel for government agencies or forces, its predecessor is Kvichak Marine.

Vigor Industrial has five Washington locations in Seattle, Tacoma, Everett, Bremerton and Port Angeles. They also have locations in Portland, Oregon and Ketchikan, Alaska. The seven facilities have a combined total of 10 drydocks and more than 17,000 feet in pier space and detailed in the table below.^[25]

Sources:^[26][27][28]

Wikimedia Commons has media related to Vigor Marine Group.

• Official website