The investment is designed to help TPG grow through both organic growth and strategic acquisitions.
Led by CEO Dan Altman, the company owns or leases eleven vessels and a full-size dry dock which enables it to provide high quality harbor services such as barge shifting, fleeting and towing; barge repair; barge cleaning; stevedoring and fueling.
TPG operates at Mt. Vernon, IN, Jeffersonville, IN, and Uniontown, KY, on the Ohio River and near Henderson, KY, on the Green River. Its customer base consists of marine transportation companies, coal and grain terminals and commodity owners moving product on U.S. inland waterways.