In a move that sees the Navy partnering with private equity and private industry, the Alabama Shipyard site in Mobile, Ala., has been acquired by the United Submarine Alliance (USA) Qualified Opportunity Fund (the USA Fund) and renamed the Mobile Naval Yard.
The USA Fund has been launched by private equity firm CapZone Impact Investments, which today said that the fund will “serve as a platform between the U.S. Navy, investors, suppliers, contractors and local leaders to harness the power of the...