Intermarine, founded in 1990, is a global leader in "asset light" logistics and project cargo shipping. Intermarine primarily oversees highly specialized logistics and shipping requirements for multiyear infrastructure construction projects in the Americas, the Middle East, India and Asia, with an emphasis on cargoes that are too heavy, large, or expensive to travel in traditional drybulk or container ships. Strong demand for such project cargoes is being driven by the construction of oil and gas, energy, power and water projects, particularly in emerging economies and oil rich states around the world. The Company serves over 1,500 customers and has been selected as a preferred vendor by General Electric, Bechtel, Fluor and others. Intermarine has offices in New Orleans, Houston, Caracas, Buenos Aires, Seoul, Shanghai and Mumbai and controls Houston's Industrial Terminals, the largest project cargo port in the United States.

New Mountain identified Intermarine as part of a proactive focus on the logistics and infrastructure services sectors, which began in 2006 and 2007, respectively. As a result of these efforts, New Mountain developed a network of management, banking and advisory relationships in the sectors and was introduced to Intermarine (a privately held company) on a proprietary basis in the fall of 2007. New Mountain's team then worked closely and on an exclusive basis with the management and shareholders of Intermarine, as well as with industry executives, bankers and strategic consultants, to acquire the company.

www.intermarineusa.com