Global Marine Services Co

Type: Company
Name: Global Marine Services Co
First reported Sep 25 2014 - Updated Sep 25 2014 - 2 reports

Undersea cable business bought for $260m

A 160-year-old undersea cable installation group in Essex has been snapped up in a deal worth $260m (£159.6m).Corporate finance firm Park Partners has advised on the sale of Bridgehouse Marine, the parent holding company of Chelmsford-headquartered Global ... [Published Insider Media Limited - Sep 25 2014]

Quotes

"I am delighted that our ambitions for Global Marine have the support of an investor that has the vision necessary to enable us to realise the substantial growth potential in the coming years" said Global Marine chief executive Ian Douglas
...necessary to enable it to realise its substantial growth potential in the coming years," said Jon Howells , Managing Director at Park Partners.   "We have added another landmark transaction to our successful track record in the Maritime and Oil & Gas services sector."

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Undersea cable business bought for $260m [Published Insider Media Limited - Sep 25 2014]
Park Partners Advises on $260m Sale of Global M... [Published InvestorPoint.com - Sep 25 2014]
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