LOS ANGELES, May 21 — Kingswood Capital Management, LP (together with its affiliates, “Kingswood”) is pleased to announce the sale of Lind Marine, a diversified marine services business headquartered in the San Francisco Bay Area, to Tallvine Partners, an infrastructure-focused investment firm based in Miami, Florida. Terms of the transaction were not disclosed. Kingswood acquired Lind Marine in 2022 in partnership with Seneca Partners and Lind Marine’s owners, Christian and Aaron Lind, who retained significant ownership in the company.
Lind Marine provides dredging, shipyard, salvage, marine environmental remediation, tug and barge services, and bareboat charters of vessels and cranes throughout the San Francisco Bay, Mare Island, and the Sacramento and San Joaquin Rivers. Originally founded in 1906 as an oyster shell business, the company has grown over the years to become a full-service marine operations company and remains operated by the third generation of Lind family leadership.
This transaction reflects Kingswood’s continued success working with founder families and underscores the firm’s commitment to supporting them with operational expertise, strategic investment, and an extensive industry network to drive growth and long-term value creation. In 2025, Kingswood was named to Inc. Magazine’s List of Founder-Friendly Investors, which recognizes firms with a reputation for serving as trusted partners to founder-led businesses.
“We are proud of what we achieved through our partnership with Christian Lind, Aaron Lind, and the entire Lind Marine team over the last four years,” said Alex Wolf, Founder and Managing Partner of Kingswood. “This is an excellent example of how we partner with founder families as they take on their first institutional capital, working with them and company leadership to evolve their businesses and deliver a good outcome for everyone involved.”
“The Lind family founded and built a multi-generational business with deep customer relationships and a strong reputation across the San Francisco Bay Area,” said Michael Niegsch and Andrew Kovach, Partners at Kingswood. “Together, we were able to build on that foundation by making key investments in the business, bringing in additional operational expertise, and most importantly, supporting Christian and Aaron in their vision for the company. We’re confident Lind Marine is well-positioned for continued growth.”
Raymond James served as exclusive financial advisor to Kingswood on the transaction, and Kirkland & Ellis served as legal counsel.