DeepOcean Acquires Shelf Subsea from SCF Partners

Venterra Group Acquires Oceanscan Holdings

October 23, 2024

Energy

Offshore wind services provider Venterra Group has acquired the Oceanscan Holdings group, adding subsea and non-destructive test equipment hire, geotechnical services and specialist personnel capabilities. Oceanscan is headquartered in Aberdeen, Scotland, with subsidiaries in Houston and Singapore and four UK operating subsidiaries; the deal expands Venterra's capabilities in offshore wind and related energy markets.

Deep Imaging Acquires ESG Solutions

May 10, 2021

Energy

Deep Imaging, a subsurface imaging and frac-diagnostics platform backed by SCF Partners, acquired ESG Solutions (Engineering Seismology Group) to create an integrated subsurface diagnostics company serving upstream oil & gas, mining and geotechnical markets. The combination brings together Deep Imaging's real-time fluid-tracking technology and ESG's microseismic acquisition, processing and analysis capabilities to offer expanded diagnostics and analytics to customers worldwide.

Security On-Demand (backed by Nautic Partners) Acquires Booz Allen's Commercial Managed Threat Services to Form DeepSeas

December 8, 2022

Cybersecurity

Security On-Demand, with backing from Nautic Partners, has acquired Booz Allen Hamilton’s commercial Managed Threat Services (MTS) business and combined it with its operations under the new brand DeepSeas. The combined organization will offer advanced managed detection, threat intelligence, and incident response services to mid-market and enterprise clients, and Booz Allen will remain a strategic collaborator for federal work.

Subsea Global Solutions Acquires SRN Group Diving & ROV Underwater Services

September 14, 2021

Industrial Services

GenNx360 Capital Partners' portfolio company Subsea Global Solutions (SGS) has acquired SRN Group Diving & ROV Underwater Services, a Belgium-based underwater services and ROV hull-cleaning specialist. The add-on expands SGS's footprint into northern Europe (increasing its home ports to 14) and adds ROV-based hull-cleaning capability to its service offering.

Nauticus Robotics Acquires 3D at Depth

October 3, 2023

Engineering Services

Nauticus Robotics (NASDAQ: KITT) agreed to acquire 3D at Depth, a Colorado-based subsea LiDAR and inspection services provider, in an all-stock transaction valuing the deal at approximately $34 million (before adjustments) and assuming about $4.1 million of debt. The acquisition brings 3D's subsea laser LiDAR technology, data services, and patent portfolio to Nauticus, expanding its autonomous underwater capabilities and commercial addressable market in offshore energy and renewables.

Moreld Acquires Ocean Installer from HitecVision

June 7, 2024

Energy

Moreld has entered into an agreement to acquire Ocean Installer from private equity firm HitecVision. The acquisition expands Moreld's capabilities into subsea engineering and construction, adds Ocean Installer's ~280 employees and international offices, and is being financed in part by a US$225 million senior secured note offering; the deal is subject to Norwegian competition approval.