We acted as exclusive financial advisor to Global Marine, a portfolio company of Bridgehouse Capital, in its sale to HC2 Holdings, Inc.
Global Marine is a provider of engineering and underwater services, responding to the subsea cable installation, maintenance and burial requirements of its customers around the world. With a fleet of vessels and specialized subsea trenching and burial equipment, the company brings a 160 year-legacy in deep and shallow water cable operations. The company’s main operating offices are in the UK and Singapore.
HC2 is acquiring the world’s most experienced undersea cable installation and maintenance services provider at a time when significant opportunities exist globally in terms of Telecoms, Oil and Gas and Offshore Power requirements for subsea cabling expertise. The investment in a global industry leader gives HC2 the opportunity to support the growth plans of a proven management team.
HC2 operates as a holding company of operating subsidiaries primarily in the United States and the United Kingdom.
Note: This work was performed prior to joining Stout.