On the Record · Costamare
Costamare acquisitions, on the record
The businesses Costamare bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Neptune (controlling interest, leasing business)Word for word“In March 2023, we entered into an amended and restated subscription and shareholders’ agreement with the existing Neptune shareholders at the time (the “Neptune Shareholders’ Agreement”) pursuant to which we agreed to invest in the Neptune leasing business and acquired the controlling interest of Neptune.” 20-F for 2023 | acquisition | March 2023 | — |
51% equity interest of York Capital in the vessel-owning companies for Polar Brasil and ArkadiaWord for word“During 2023, we acquired York Capital’s 51% equity interest in each of the 2018-built, 3,800 TEU capacity containership Polar Brasil and the 2001-built, 1,550 TEU capacity containership Arkadia and, as a result, we obtained 100% of the equity interests in each vessel.” 20-F for 2023 | acquisition | During 2023 | — |
Sixteen companies owned by entities affiliated with Konstantinos Konstantakopoulos (owning or committed to acquire dry bulk vessels)Word for word“In addition, in the year ended December 31, 2021, we acquired all of the equity interest of sixteen companies (which owned or had committed to acquire dry bulk vessels) owned by entities affiliated with our Chairman and Chief Executive Officer, Konstantinos Konstantakopoulos.” 20-F for 2023 | acquisition | in the year ended December 31, 2021 | — |
Neptune leasing businessWord for word“In March 2023, we entered into an amended and restated subscription and shareholders’ agreement with the existing Neptune shareholders at the time (the “Neptune Shareholders’ Agreement”) pursuant to which we agreed to invest in the Neptune leasing business and acquired the controlling interest of Neptune.” 20-F for 2024 | acquisition | March 2023 | — |
Polar BrasilWord for word“During 2023, we acquired York Capital’s 51% equity interest in each of the 2018-built, 3,800 TEU capacity containership Polar Brasil and the 2001-built, 1,550 TEU capacity containership Arkadia and, as a result, we obtained 100% of the equity interests in each vessel.” 20-F for 2024 | acquisition | During 2023 | — |
ArkadiaWord for word“During 2023, we acquired York Capital’s 51% equity interest in each of the 2018-built, 3,800 TEU capacity containership Polar Brasil and the 2001-built, 1,550 TEU capacity containership Arkadia and, as a result, we obtained 100% of the equity interests in each vessel.” 20-F for 2024 | acquisition | During 2023 | — |
Polar Argentina (49% equity interest)Word for word“During the year ended December 31, 2023, we (i) sold our 49% equity interest in the company owning the 2018-built, 3,800 TEU capacity containership, Polar Argentina to York Capital, (ii) acquired the 51% equity interest of York Capital in the 2018-built, 3,800 TEU capacity containership Polar Brasil and as a result we obtained 100% of the equity interest in the vessel and (iii) we acquired the 51% equity interest of York Capital in the 2001-built, 1,550 TEU capacity containership Arkadia and as a result we obtained 100% of the equity interest in the vessel.” 20-F for 2024 | divestiture | During the year ended December 31, 2023 | — |
Manzanillo, Progress, Konstantinos, Merida, Alliance, Pegasus, Adventure, Oracle, Titan I and Discovery (dry bulk vessels)Word for word“During the year ended December 31, 2024, we took delivery of the secondhand dry bulk vessels Miracle , Prosper , Frontier , Magnes , Alwine and August with an aggregate dwt of 843,679 and we sold the dry bulk vessels Manzanillo , Progress , Konstantinos , Merida , Alliance , Pegasus , Adventure , Oracle , Titan I and Discovery with an aggregate dwt of 433,033.” 20-F for 2024 | divestiture | During the year ended December 31, 2024 | — |
Maersk Kalamata, Sealand Washington, Oakland (container vessels) and Miner, Taibo, Comity, Peace, Pride, Cetus (dry bulk vessels)Word for word“In addition, during the year ended December 31, 2023, we acquired the secondhand dry bulk vessels Enna , Dorado and Arya with an aggregate dwt of 417,241 and we sold the container vessels Maersk Kalamata , Sealand Washington and Oakland with an aggregate TEU capacity of 18,182 and the dry bulk vessels Miner , Taibo , Comity , Peace , Pride and Cetus with an aggregate dwt of 248,655.” 20-F for 2024 | divestiture | During the year ended December 31, 2023 | — |
York Capital's 51% equity interest in Polar Brasil and ArkadiaWord for word“During 2023, we acquired York Capital’s 51% equity interest in each of the 2018-built, 3,800 TEU capacity containership Polar Brasil and the 2001-built, 1,550 TEU capacity containership Arkadia and, as a result, we obtained 100% of the equity interests in each vessel.” 20-F for 2025 | acquisition | During 2023 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2021-12-31 | $0 |
| 2022-12-31 | $0 |
| 2023-12-31 | −$2.8 million |
| 2024-12-31 | $0 |
| 2025-12-31 | $0 |
Read from Costamare’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-04. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.