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

"This investment in a truly global industry leader gives us the opportunity to support the growth plans of a proven management team."
...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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