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Capes Shipping Agencies announces acquisition of Ryan Ship Services, LLC

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Dry Bulk,

Capes Shipping Agencies, a Norfolk, Virginia-based ship agency subsidiary of CV International, Inc., has announced that it has completed the acquisition of Ryan Ship Services, LLC, an independent ship agency and freight forwarder based in Savannah, Georgia.

Ryan Ship Services was founded in 1999 by maritime industry veteran, Drew Ryan, with a principal office location in Savannah, Georgia. Gene Meredith later joined Drew as a partner and, working together, they grew Ryan Ship into a leading dry bulk agency in Georgia. Like Capes, Ryan Ship has been built on results-driven customer service and personalised attention to their principals around the world. Both Drew and Gene will be joining the Capes team in a new Capes branch office in Savannah and managing all operations. Capes will be expanding the Savannah team to support agency operations, documentation, and customs brokerage services.

“This merger will be a great fit for both of our companies and the timing was perfect,” stated CVI President, Mike Coleman. “We have had a close working relationship with Ryan over the years and we share many of the same clients. Their business philosophy and unwavering dedication to customer service fits very well with our own. This will extend our own agency coverage further south and provide Drew and Gene with the resources they need to continue growing the business.”

“We are looking forward to joining the Capes team and the expanded support we will have to service our principals,” remarked Ryan Partner, Gene Meredith.

Drew Ryan commented: “This was exactly what we needed, and the timing was great. We have seen a lot of growth in our business over the last couple of years and Capes is going to provide the scale we need to keep up. This is an exciting time, and we look forward to continued growth while working with Mike and his team at Capes.”

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