M&A Deal Summary

SCF Partners Acquires Shelf Subsea

On August 25, 2015, private equity firm SCF Partners acquired marine company Shelf Subsea from Cal Dive International

Acquisition Highlights
  • This is SCF Partners’ 1st transaction in the Marine sector.
  • This is SCF Partners’ 2nd transaction in Australia.
Investment Fate
  • Shelf Subsea was sold to a strategic buyer in 2025.

M&A Deal Summary

Date 2015-08-25
Target Shelf Subsea
Sector Marine
Buyer(s) SCF Partners
Sellers(s) Cal Dive International
Deal Type Divestiture

Target

Shelf Subsea

Osborne Park, Australia
Shelf Subsea is a commercial diving, engineering, project management, and marine support & logistics company, specializing in air and saturation diving operations primarily for the Oil & Gas and Marine Construction industries. Shelf Subsea is based in Osborne Park, Australia.

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Buyer(S) 1

Buyer

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.


DEAL STATS #
Overall 30 of 57
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 3 of 10
Country: Australia M&A 2 of 4
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-10 Beckman Production Services

Kalkaska, Michigan, United States

Beckman Production Services, Inc. is a well servicing company that operates completion and workover rigs, swabbing units, hot oilers, high pressure pump trucks, anchor setting trucks, wireline units, vacuum trucks, crude oil trucks and tankers licensed to haul non-hazardous liquid waste and crude oil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-05 Nautronix

Aberdeen, United Kingdom

Nautronix is an international provider of advanced subsea acoustic positioning systems, diver communication systems, and acoustic subsea controls. Nautronix was founded in 1989 and is based in Aberdeen, Scotland.

Sell -

Seller(S) 1

SELLER

Cal Dive International

Houston, Texas, United States

Category Company
Sector Renewable Energy
DESCRIPTION

Cal Dive International, Inc. (NASDAQ:CDIS) is a specialty oil field service company with a current equity market capitalization of $900 million. Controlling the largest fleets of both saturation diving and dynamically-positioned support vessels operating in the Gulf of Mexico, the company provides subsea construction maintenance and salvage services to the offshore natural gas and oil industry


DEAL STATS #
Overall 1 of 1
Sector: Marine M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Shelf Subsea

Osborne Park, Australia

Shelf Subsea is a commercial diving, engineering, project management, and marine support & logistics company, specializing in air and saturation diving operations primarily for the Oil & Gas and Marine Construction industries. Shelf Subsea is based in Osborne Park, Australia.

Buy -