What Hendry Marine Industries does

Hendry Marine Industries, Inc. is a privately held Florida-incorporated holding company founded in 1926 by Captain F.M. Hendry in Tampa, FL. It operates through two wholly-owned operating subsidiaries: Gulf Marine Repair Corporation, which provides 24/7 repair and overhaul services for commercial ships, tugs, barges, and specialized government vessels, and Anchor Sandblasting and Coatings, LLC, which delivers advanced coating and surface preparation services (sandblasting, sophisticated coating applications) to commercial clients and government agencies including the U.S. Navy and U.S. Coast Guard. The broader service portfolio also includes marine terminal operations, environmental services, and maritime staffing.

The company generates revenue primarily through professional-services contracts (project-based, quote-based pricing) sold through a relationship-driven, sales-led go-to-market motion. Its customer base is split between commercial maritime operators (commercial shipping companies, tug and barge operators) and federal government maritime agencies (U.S. Coast Guard, MARAD, USACE, NOAA, U.S. Navy). The company operates state-of-the-art ship repair facilities in Tampa, FL including dry dock capabilities, and runs the A.W. Hendry Training Center which provides welding certification programs (SMAW, FCAW, Stainless Fillet) to ensure skilled workforce availability.

Ownership and control remain with the Hendry family, with M. Kelly Hendry serving as President and Dale West as VP/CFO/Treasurer. Operating leadership for the two subsidiaries includes Richard McCreary (President of Gulf Marine Repair / HMI COO) and Tony Stokes (President of Anchor Sandblasting & Coatings). No external institutional investors, private equity backing, or parent company affiliation is disclosed. The company maintains a regional Tampa Bay, FL geographic footprint with no global footprint claim, and markets itself primarily through relationship-based selling supplemented by LinkedIn and Facebook channels.

Name

Hendry Marine Industries

Legal name

Hendry Marine Industries, Inc.

Website

https://hendrymarineindustries.com

Company type

Private

Founded year

1926

Operating status

Operating

Headcount range

251–500 employees

Short description

Hendry Marine Industries is a family-controlled Tampa, FL maritime services holding company founded in 1926, operating Gulf Marine Repair Corporation (ship repair) and Anchor Sandblasting and Coatings, LLC to serve commercial shipping firms and federal agencies including the U.S. Coast Guard, Navy, MARAD, USACE, and NOAA.

Ownership category

akta.pro rank

Product category

Maritime Repair and Maintenance Services

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Dry Docking & Dockyard Operations (Graving/Floating Docks, Docking Services) (TLAHAMAA)

akta.pro secondary industry

Engine & Mechanical Overhaul (Main/Aux Engines, Pumps, Valves, Compressors) (TLAHAMAD)

Keywords

• Ship repair services
• Marine coatings
• Surface preparation
• Marine terminal operations
• Commercial vessel maintenance

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Ship Repair Services: Provides repair and overhaul services for commercial ships, tugs, barges, and specialized government vessels. Operates around the clock to ensure timely and efficient service.
2. Sandblasting and Coatings Services: Advanced coating and surface preparation services including sandblasting and sophisticated coating applications for commercial and government maritime clients.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Hendry Marine Industries is a maritime services holding company that provides commercial and government ship repair, sandblasting, and industrial coating services through its subsidiaries Gulf Marine Repair Corporation and Anchor Sandblasting and Coatings, LLC. The company operates around the clock from Tampa, FL facilities including dry docks, serving commercial shipping companies, tug and barge operators, and federal agencies such as the U.S. Coast Guard, MARAD, USACE, NOAA, and U.S. Navy.

Product overview

Hendry Marine Industries is a holding company operating a portfolio of maritime service businesses. The company operates two primary subsidiaries: Gulf Marine Repair Corporation (ship repair and overhaul for commercial and government vessels) and Anchor Sandblasting and Coatings, LLC (surface preparation and coating services). Together, these operating companies provide comprehensive maritime services including commercial and government ship repair, sandblasting, and industrial coating.

Differentiator

Problem solved

Functional benefit

Products and services

• Gulf Marine Repair Corporation Premier provider of repair and overhaul services for commercial ships, tugs, barges, and specialized government vessels from the U.S. Coast Guard, MARAD, USACE, and NOAA. Operates around the clock ensuring timely and efficient service for both commercial and government maritime needs.
• Anchor Sandblasting and Coatings, LLC Specializes in advanced coating and surface preparation services with over 30 years of industry experience. Caters to commercial clients and government agencies including the U.S. Navy and Coast Guard, offering services ranging from sandblasting to sophisticated coating applications, ensuring adherence to strict quality and scheduling requirements.

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves1 record

Expansion highlights4 records

Broad incumbents

• Bollinger Shipyards: Bollinger Shipyards is a large privately held Gulf Coast shipbuilder and repair operator serving Coast Guard, Navy, and commercial customers. Comparable to Hendry in Gulf Coast location and government ship repair, though materially larger and with significant new construction business.
• Vigor Industrial: Vigor Industrial is the largest ship repair and shipbuilding operator on the U.S. West Coast, operating multiple full-service shipyards. Comparable to Hendry as a peer in commercial and government ship repair, though significantly larger and broader in geographic footprint.
• Fincantieri Marine Repair: Fincantieri operates multiple ship repair facilities across the U.S. serving commercial and government customers. Comparable to Hendry in ship repair services, though part of a much larger global shipbuilding group with substantially greater scale and resources.

Direct peers

• Marine Group Boat Works: Marine Group Boat Works is a family-owned ship repair and marine services company on the U.S. Gulf Coast. Comparable to Hendry as a privately held, multi-generational coastal ship repair yard with similar service mix and customer types.
• East Coast Repair & Fabrication: East Coast Repair & Fabrication is a mid-sized ship repair and marine services company based in Portsmouth, VA. Directly comparable to Hendry in commercial and government vessel repair, welding, and marine fabrication services.
• Detyens Shipyards: Detyens Shipyards is a privately held mid-sized ship repair yard in Charleston, SC serving commercial and government vessels. Highly comparable to Hendry/Gulf Marine Repair in scale, service mix, and customer base including government and commercial tugs and barges.
• Pacific Ship Repair & Fabrication: Pacific Ship Repair & Fabrication is a privately held mid-sized ship repair yard in San Diego, CA. Comparable to Hendry in commercial and government ship repair, hull, mechanical, and structural work, though operating in a different U.S. region.
• Continental Maritime of San Diego: Continental Maritime is a full-service ship repair yard primarily supporting U.S. Navy and other government vessels. Comparable to Hendry in government ship repair and overhaul services, though focused on naval surface ships rather than small commercial/government craft.
• Norshipco: Norshipco is a privately held, full-service ship repair, conversion, and new construction yard in Norfolk, VA. Comparable to Hendry in commercial and government ship repair services and operating as a long-standing private maritime services company.
• Atlantic Marine Group: Atlantic Marine Group operates full-service shipyards focused on commercial and government vessel repair in the Southeast U.S. Directly comparable to Hendry for ship repair and marine services, with overlapping tug/barge and government customer bases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/GulfMarineRepair
• LinkedInlinkedin.com/company/hendry-marine-industries-inc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 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 Hendry Marine Industries