Fletch Equity, a Los Angeles-based private equity group that invests in and partners with family and entrepreneur-owned businesses in the U.S. and Canada, has recapitalized Oceanwide Repair, a marine ship repair services company.

Located in Long Beach, Calif., Oceanwide Repair offers ship repair services for a variety of vessels from tugboats and barges to oil tankers, bulk carriers, passenger ships and container ships. The company’s revenue stems from structural steel repairs, piping repair and fabrication, mechanical and rigging, underwater hull repair and other services. Oceanwide serves commercial vessels, U.S. Maritime Administration, Military Sealift Command and related entities.

Generational Equity advised Oceanwide Repair in this transaction.