Add-on Acquisition • Marine

Subsea Acquires All-Sea Underwater Solutions

On March 2, 2017, Subsea acquired marine company All-Sea Underwater Solutions

Acquisition Context
  • This is Subsea’s 1st transaction in the Marine sector.
  • This is Subsea’s 1st transaction in Canada.
  • This is Subsea’s 1st transaction in British Columbia.

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M&A Deal Summary

Date March 2, 2017
Target All-Sea Underwater Solutions
Sector Marine
Buyer(s) Subsea
Deal Type Add-on Acquisition

Target Company

All-Sea Underwater Solutions

Vancouver, British Columbia, Canada
All-Sea Underwater Solutions is a provider of an unique integrated service solution that includes underwater inspections, construction and repairs for a variety of marine industries including shipping and offshore oil & gas.
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Buyer Overview 1

Buyer

Subsea

Miami, Florida, United States

Category Company
Sector Marine
DESCRIPTION

Subsea is a provider of underwater vessel maintenance, inspection and repair services to vessel owners and operators within diversified marine transportation and construction sectors. Subsea services include hull and propeller fleet management, underwater wet welding, seal replacement, tunnel thruster repair, azimuth thruster repair, and environmental hull cleaning. The Company provides both routine hull maintenance services to drive fuel efficiencies and highly technical repair solutions allowing vessel operators to reduce dry-docking costs, while keeping the vessel in service. Subsea is headquartered in Miami, Florida.


Deal Context for Buyer #
Overall 1 of 5
Sector: Marine 1 of 3
Type: Add-on Acquisition 1 of 5
State: British Columbia 1 of 1
Country: Canada 1 of 1
Year: 2017 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Muldoon Marine Services

Long Beach, California, United States

Muldoon Marine Services is a commercial diving and NDT company offers marine inspection and repair services. Muldoon Marine Services was founded in 1988 and is based in Long Beach, California.

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