Cashman Equipment Corp.

What Cashman Equipment Corp. does

Cashman Equipment Corp. is a privately held, family-controlled marine services company founded in 1995 in Massachusetts and now headquartered in Palm Coast, Florida, that operates one of the youngest and largest barge fleets in the industry with over 130 vessels. Its core offering spans the design-build-operate-maintain lifecycle of marine projects: barge rentals (120' to 400' inland and ocean-going deck and spud barges), tug services up to 100 tons bollard pull via affiliate Servicio Marina Superior, marine accommodation/floatel barges housing 15 to 500 personnel, crane rentals (including the 50-Ton AmClyde CBW-8800), heavy haul and project cargo, marine and heavy civil construction, salvage and wreck removal support, and specialized oil spill response. Revenue is generated through project-based, quote-based charter and service contracts rather than recurring subscriptions.

The company sells primarily to four end markets: oil & gas (offshore platform, pipeline, and accommodation support for operators such as ERSAI, Callon Petroleum, Cal Dive International, and Duke Energy Gas Transmission), marine and heavy civil construction (state DOTs, the U.S. Army Corps of Engineers, and contractors like Cardi Corporation, Petro Construction, and Sarens USA), the international salvage industry (Titan Salvage, American Salvage Association), and — increasingly — offshore wind logistics where Cashman exhibits at the International Offshore Wind Partnering Forum. Distribution is direct enterprise sales via regional Business Development Managers covering US East Coast, Gulf of Mexico, Mexico/Central/South America, the Middle East, Asia Pacific, Africa, and Canada, supplemented by local-flagged affiliates (CHM Maritime in Mexico, Cashman Caspian LLP in Kazakhstan) for jurisdictions requiring local registration.

Underlying technology is primarily physical-asset-intensive — ABS, BV, DNVGL, and RINA-classed vessels, a self-owned shipyard at Morgan City, Louisiana for fabrication, repair, and dry-docking — augmented by one proprietary navigation tool (Live-StrOM, an in-house camera-based barge voyage system). The business is certified to ISO 9001:2015 (Bureau Veritas Certificate #US017132), the IMO ISM Code, and the IMO ISPS Code, providing the regulatory credentials required for international offshore and government work. The company is founder-controlled by the Cashman family, with Jamie Cashman as President & CEO and no external private equity or public shareholders disclosed.

Name

Cashman Equipment Corp.

Legal name

Cashman Equipment Corp

Website

https://4barges.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Cashman Equipment Corp. is a privately held marine services company operating 130+ barges, tugs, floatels, and cranes worldwide, serving oil & gas, marine construction, government, salvage, and offshore wind clients through project-based charter and contract services.

Ownership category

akta.pro rank

Product category

Marine Services and Equipment Rentals

NAICS

Support Activities for Water Transportation (4883), Water Transportation (483), Ship Building and Repairing (336611), Other Support Activities for Water Transportation (48839)

SIC

Services-Miscellaneous Equipment Rental & Leasing (7350), Water Transportation (4400), Construction Machinery & Equip (3531), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Barge & Offshore Towage (Barge Moves, Rig/Platform Tows) (TLAHAHAF)

akta.pro secondary industries

Heavy Lift & Marine Recovery (Cranes, Barges, Jack-up Support) (TLAHAIAF), Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Coastal/Sea Towage (Long-Distance Towing of Vessels/Barges) (TLAHAHAE), Gear & Lifting Equipment Rental (Cranes, Spreaders, Forklifts, Reach Stackers) (TLAHALAD)

Keywords

• Marine barge rentals
• Marine construction services
• Heavy lift transportation
• Offshore accommodation services
• Marine salvage operations

Headquarters

HQ city

Braintree

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Barge Rentals: Time-based charter of ocean and inland barges ranging from 120' to 400' for project cargo, marine construction, and heavy lift operations
2. Marine Construction Services: Heavy civil and marine construction including bridge demolition, pier construction, flood control projects, and infrastructure development
3. Tug Services: Towing and marine transportation services through affiliate Servicio Marina Superior (SMS), with tugs up to 100 tons bollard pull
4. Marine Accommodation: Floating hotel accommodations for offshore projects, providing full-service living quarters for personnel at remote marine locations
5. Oil Spill Response: Specialized oil spill recovery equipment and response services for environmental emergency situations
6. Salvage and Wreck Removal: Emergency salvage support, wreck removal, and assistance to the international salvage industry
7. Equipment Sales: Sale of marine equipment including cranes, accommodation units, and vessels from the fleet

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cashman Equipment Corp. is a fully integrated marine services company that rents ocean and inland barges (ranging from 120' to 400'), provides marine and heavy civil construction services, operates tugboat services through its affiliate Servicio Marina Superior, and supplies marine accommodation (floatel) barges for 15 to 500 personnel. The company also offers project cargo/heavy haul transportation, crane rentals, salvage and wreck removal support, and oil spill response services for offshore, energy, construction, and government clients worldwide.

Product overview

Cashman Equipment Corp. operates as a fully integrated and diverse marine services company providing physical vessel and equipment rental services. The core portfolio consists of barge rentals (ranging from 120' to 400' inland and ocean deck barges), tug services (up to 100 tons bollard pull via affiliate Servicio Marina Superior), marine accommodation barges (15-500 person capacity), crane rentals, marine construction, heavy haul/project cargo, salvage and wreck removal, and oil spill response. The company maintains global offices in the US, Mexico, South America, Singapore/Australia, Persian Gulf, West Africa, and Caspian Sea regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Barge Rentals Rental of deck barges ranging from 140 to 400 feet in length, including inland and ocean-going vessels, for marine transportation and project support.
• Classed Deck & Spud Barges ABS, BV, DNVGL, and RINA classified ocean-going deck and spud barges meeting international maritime standards for global operations.
• Inland Deck and Spud Barges Deck and hopper barges designed for inland waterway operations including rivers, canals, and coastal waters.
• Tug Services Towing and tugboat services up to 100 tons bollard pull, operated through affiliate company Servicio Marina Superior (SMS), working domestically and internationally.
• Marine Accommodations Marine accommodation barges providing lodging for 15 to 500 personnel, including full galley, mess, infirmary, water-making, sewer plant, and electrical capabilities. Also known as floatels.
• Crane Rentals Crane rentals including the 50-Ton AmClyde Model CBW-8800 Gantry Crane (JMC 41) and Manitowoc 4100/Ringer mounted on deck barges for heavy lift operations.
• Heavy Haul / Project Cargo Marine transportation and heavy haul services for cargo movements nationally and internationally using barge and tug packages.
• Marine Construction Marine and general heavy civil construction services including pier construction, bulkhead installation, pile driving, and infrastructure development.
• Salvage and Wreck Removal Emergency response and salvage support services including barges, tugs, marine equipment, and trained personnel for salvage operations.
• Oil Spill Response Specialized oil spill recovery equipment and response services for environmental emergencies.
• Special Projects Custom marine solutions for remote locations and extreme conditions, including design, build, operate and maintain capabilities for unique project requirements.

Named customers14 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• CHM Maritime SAPI DE C.V.coreStrategic or Co-development PartnerCashman Equipment's affiliate in Mexico that operates a fleet of Mexican flagged barges and tugs based in the Bay of Campeche, expanding the company's presence in the Mexican and Central American marine market.
• Servicio Marina Superior (SMS)coreStrategic or Co-development PartnerAffiliate tug company that operates both inland and offshore tugs up to 85 metric tons bollard pull with special emphasis on the international market. Provides complementary tug services to support barge operations worldwide.
• American Salvage AssociationminorStrategic or Co-development PartnerIndustry association membership supporting the salvage community. Cashman Equipment assists the salvage industry in emergency response and restoration operations, including recent support for Baltimore Harbor salvage efforts.
• Titan SalvageminorImplementation/ SI/ Consulting PartnerWorked with Titan Salvage on emergency response to a container ship grounded in Cuba in 2012. Provided deck barge, marine facility, personnel, and equipment for salvage operations.
• Cal Dive InternationalminorChannel Partner/ Reseller/ DistributorServicio Marina Superior provided two tug boats (M/V REED DANOS and M/V TODD DANOS) to support Cal Dive International's pipe laying vessel Samson in Coatzacoalcos, Mexico.
• ERSAIminorChannel Partner/ Reseller/ DistributorContracted by ERSAI in October 2008 to design, construct, deliver, and operate two floatel accommodation vessels for North Caspian Sea operations. Each vessel provided minimum 250 POB capacity.
• Sarens USAminorChannel Partner/ Reseller/ DistributorChartered two 250' Class ABS deck barges (JMC 256 and JMC 259) to support Sarens USA in the removal of the Green Crane at Newport News Shipyard in September 2020.

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Weeks Marine Inc. Major US marine construction, dredging, and tug/barge operator with overlapping services in heavy lift, marine construction, and tug fleet operations. Directly comparable to Cashman on marine construction and tug/barge rental.
• McAllister Towing & Transportation: Large US East Coast tug and barge operator providing harbor towing, offshore towing, and barge transportation. Directly comparable on tug/barge services and East Coast marine logistics.
• Bouchard Transportation Co. US-based tug and barge operator with one of the largest independently owned fleets along the East Coast and Gulf, providing petroleum, dry bulk, and project cargo transportation. Comparable on barge chartering and project cargo services.
• Moran Towing Corporation: Established US tugboat and marine services company providing harbor towing, offshore towing, and barge transportation along the East Coast and Gulf. Comparable on tug services and barge support.
• Donjon Marine Co., Inc. US marine services company providing salvage, wreck removal, dredging, and marine transportation with a sizable barge and tug fleet. Comparable on salvage/wreck removal and heavy-lift barge rental.
• Manson Construction Co. Major US marine construction and dredging contractor operating a large fleet of barges, cranes, and tugs. Comparable on marine/heavy civil construction and crane barge services.
• Great Lakes Dredging & Dock Company: Largest US dredging services provider with marine construction capabilities, owning a substantial barge and tug fleet. Comparable on marine infrastructure construction and barge-based project work.
• Titan Salvage: International marine salvage and wreck removal company providing emergency response services globally. Comparable on salvage support, wreck removal, and emergency marine equipment deployment (Cashman has supported Titan on past operations).
• Cal Dive International (Helix Energy Solutions): Subsea construction, diving, and salvage contractor in the Gulf of Mexico. Comparable on marine construction, pipeline support, and offshore O&G services (Cashman and Cal Dive have collaborated on past projects).

Broad incumbents

• Saam Smit Towage: Global towage operator providing harbor and terminal towage across the Americas, Europe, and Asia. Comparable on tug services and barge support, though operates at significantly larger scale as an established global incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cashman-equipment-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cashman Equipment Corp.