Subsea Global Solutions (SGS), a portfolio company of Denver-based private equity firm Lariat Partners, has acquired All-Sea Underwater Solutions (All-Sea), enabling the company to provide underwater ship maintenance, repair and marine construction solutions across the globe.
SGS has wholly owned assets and personnel in South America (Curacao, Trinidad and Brazil) and the US (Seattle, Miami, Tampa, Long Beach, and Galveston).
All-Sea has locations in Asia (Busan, Korea), the US (Port Angeles) and across Canada (Vancouver, Halifax, and St. John).
“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, CEO, 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.”
“This merger into Subsea Global Solutions gives our team the ability to continue our growth and better serve our clientele globally," said Vincent Cummings, CEO, All-Sea. "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.”
“The combination of these two industry leading companies falls perfectly in line with our firm’s CORE investment strategy," said Jay Coughlon, co-founder and managing partner, Lariat Partners. "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.”