Carlyle Group, Stellex Close Purchase of Vigor, MHI; Jim Marcotuli Named CEO of Combined Firm

The Carlyle Group (Nasdaq: CG) and Stellex Capital Management completed the acquisition and merger of Vigor Industrial and MHI Holdings three months after they announced the transaction in an effort to form a combined ship repair and fabrications services company.

Carlyle said Monday Jim Marcotuli, a more than 30-year defense and manufacturing industry leader, has been appointed CEO of the combined entity.

Marcotuli is former interim chairman and CEO of Remington Outdoor Co. and CEO of North American Bus Industries. He has held senior leadership roles at Carlyle™s portfolio companies and several firms in defense, transportation, aerospace and automotive industries.

Tom Epley will directly report to Marcotuli as he continues to lead MHI Holdings and MHI Ship Repair & Services. Frank Foti will step down from his position as Vigor™s CEO but will continue to serve on the combined entity™s board as vice chairman and investor.

Sponsor

×

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

Email Address *

First Name *

Last Name

Position

Company

Related Articles

James Vant Joins XLA as CEO

XLA, a provider of cybersecurity, data management and analytics, technical services, and international program support, has appointed James Vant as chief…

22nd Century Technologies Promotes Richard Forsht to Federal Services SVP

IT services integrator 22nd Century Technologies has promoted Richard Forsht, an IT and telecommunications leader, to senior vice president of…

L3Harris to Modernize Space Force Ground Systems Under $150M MOSSAIC Contract

L3Harris Technologies has secured a $150 million contract from the U.S. Space Force to modernize critical ground systems under the…

General Atomics Unit Secures $265M DHS Modification for MQ-9B UAS, Equipment

General Atomics Aeronautical Systems Inc., or GA-ASI, has secured a $265.5 million contract modification from the Department of Homeland Security’s…

Booz Allen Closes Defy Security Acquisition

Booz Allen Hamilton has finalized its acquisition of Defy Security as part of a push to deliver technology-driven cybersecurity platforms…

IonQ Appoints Former DOW IT Leader Bill Dunlap as SVP of Global Architecture

IonQ has appointed William “Bill” Dunlap as senior vice president of global architecture, bringing a longtime Department of War information…

Why Most CMMC Compliance Road Maps Fall Behind Schedule

Understanding how organizations can prepare for a Cybersecurity Maturity Model Certification, or CMMC, assessment often starts with structured road maps…

From Modernization to Advanced Tech: DOT Opens New Contract Opportunities for Industry

The Department of Transportation is undergoing rapid transformation under Transportation Secretary Sean Duffy. Since stepping into the role in January 2025, Duffy…

OceanSound Partners Secures $3B for Third Fund Backed by Institutional Investors

OceanSound Partners has announced the final close of its third fund, OceanSound Partners Fund III, raising $3 billion in capital commitments…

TechnoMile Names Donald Blersch, Ike Rivers to Security Information Management Advisory Board

TechnoMile has appointed national security leaders Donald Blersch and Isaiah “Ike” Rivers to its newly formed security information management board…

LILT’s Jeff Rothblum on AI’s Role in Scaling Multilingual Translation for Government

Jeff Rothblum, head of government affairs and strategy at LILT, said artificial intelligence is critical to helping government agencies meet…

System High Appoints Wes Postol as EVP of Strategic Growth

System High has appointed Wes Postol as executive vice president of strategic growth. Postol will lead enterprise growth and business…

You’ve already read all related articles.

Executive Interviews