SGS Adds All-Sea Underwater Solutions

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.”

Share this article

Follow Subsea World News

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

BLACK SEA OIL AND GAS

Black Sea region continues to impose as a key area for the future of energy in Europe in reaching the diversification of supply and the energy…

read more >

SUBSEA POWER CABLES

2-day seminar covering best practice and emerging technologies for cost-efficient subsea cable projects from conception to installation…

read more >

24th Annual Africa Oil Week 2017

The Conference portraying five days of senior-level executive insights, with rich-content on corporate strategies and portfolio, exposure…

read more >

OTC Brasil 2017

OTC Brasil is organized by the Offshore Technology Conference (OTC) and Brazilian Petroleum, Gas and Biofuels Institute (IBP)…

read more >