Wildcat Defense to acquire Wisconsin shipyard for $350 million – The Daily Reporter

Wildcat Defense to acquire Wisconsin shipyard for $350 million  The Daily Reporter

Wildcat Defense plans to buy Superior-based Fraser Industries shipyard for $350 million to expand workforce and manufacturing capacity. The Michipicoten, Sykes and Ryerson liners were docked at the Fraser Industries shipyard in Superior on June 6, 2026. (David Schauer) THE BLUEPRINT: Wildcat Defense, owned by Miami-based equity company, to buy Fraser Industries for $350 million. Fraser Industries is the key repair facility for Great Lakes freighters. Deal supports the Coast Guard light icebreaker construction contract. Expansion plans include workforce growth and facility upgrades. By ADAM KELNHOFER Special to The Daily Reporter Wildcat Defense announced plans to pay $350 million for Superior-based shipyard Fraser Industries. Wildcat, owned by Miami-based family-equity company Wildcat Equity Partners, announced Oct.

21 it plans to buy Fraser, one of Wisconsin’s biggest shipyards and a key repair facility for the largest freighters on the Great Lakes. Fraser also builds smaller vessels for the U.S. military, and as part of the deal, will continue its partnership with Fincantieri Marinette Marine and Donjon Marine for a contract to build the Coast Guard’s seven light icebreakers. The money will go toward expanding the shipyard’s workforce, manufacturing capacity and fund existing plans to expand the facility, according to the press release. The two companies expect to finalize the deal in about three months. Wildcat Defense was launched by its parent company