Kirkland Advises CapZone on Launch of USA Fund and Purchase of Alabama Shipyard

Kirkland & Ellis advised CapZone Impact Investments in connection with the launch of the United Submarine Alliance (USA) Qualified Opportunity Fund LP, formed to enhance the capacity of the Submarine Industrial Base and support the Navy’s critical submarine production requirements, with direction from the defense department’s National Defense Industrial Strategy.

Kirkland also advised CapZone on the USA Fund’s purchase of Alabama Shipyard in Mobile, Alabama, renamed the Mobile Naval Yard, working closely with the U.S. Navy. This collaboration will lead the transformation of the 355-acre site into a modernized shipyard dedicated to supporting the Navy’s Columbia and Virginia Class nuclear submarine programs.