Kingswood Capital has offloaded Lind Marine, a marine services firm with a 117-year history, to Tallvine Partners. The sale marks a strategic shift for Kingswood, which initially co-acquired the Vallejo, California-based business in 2022 alongside Seneca Partners and the Lind family. Christian and Aaron Lind, co-founders and major stakeholders, remain tied to the company through its ownership structure.

Lind Marine’s portfolio includes Moose Boats, a manufacturer of aluminum catamarans and monohulls catering to law enforcement, firefighting, and military contracts via the GSA. Founded in 1906 as an oyster shell business, the company has evolved into a diversified marine services provider. The transfer to Tallvine Partners—a private equity firm focused on industrial and services sectors—suggests a potential overhaul of operational strategies or growth targets. No financial terms were disclosed, leaving investors to speculate on the rationale behind the move.

This transaction highlights a trend of private equity firms consolidating niche industrial assets. For Lind Marine, working with Tallvine could mean expanded resources or a pivot toward high-margin segments like Moose Boats. Investors should monitor whether the new ownership aligns with the company’s legacy in government contracting and custom vessel manufacturing. The deal underscores Kingwood’s activity in mid-market industrial firms, though the lack of disclosed valuation limits immediate market analysis.