Cleaves Securities CEO Per Olav Karlsen says a restructuring at its US shipbuilding subsidiary Fraser Industries is progressing well, three years after its initial investment.
The Norwegian investment bank bought into the Wisconsin and Virginia-based group in 2021 through Infrastructure Acquisition Partners, a joint venture with Foundry Mountain Infrastructure Partners.
“We are finding US shipyards to be a very interesting bet,” Karlsen told TradeWinds.
