Lariat Partners’ portfolio company, Subsea Global Solutions (SGS), has acquired All-Sea Underwater Solutions (All-Sea), to strengthen its services portfolio in providing underwater ship maintenance, repair and marine construction solutions.
“We are excited to add All-Sea to the Subsea Global Solutions family which will expand our scope of services, further drive innovation, and broaden our global footprint,” said Paul Peters, chief executive officer of SGS. “We have worked together as partners in this industry for years and have always had a strong alignment of values and cultures. It is great to now bring the entire team together as one.”
Vincent Cummings, CEO of All-Sea, added: “This merger into Subsea Global Solutions gives our team the ability to continue our growth and better serve our clientele globally. We are excited to finally merge with our friends and old alliance partners at SGS to deliver complex repairs to ship operators around the world.”
Jay Coughlon, co-founder and Managing Partner of Lariat Partners, commented: “The combination of these two industry leading companies falls perfectly in line with our firm’s CORE investment strategy. We look forward to further building this platform and helping the newly expanded SGS continue to drive innovation in the underwater maintenance and repair industry.”