Subsea Global Solutions (GenNx360) Acquires T&T Salvage Asia Commercial Diving Division

CapVest Completes Acquisition of TSG Solutions

July 21, 2026

Industrial Services

CapVest Partners completed its acquisition of a majority stake in TSG Solutions (TSG), a European provider of technical services for critical energy infrastructure. TSG is headquartered in Paris and operates across 30 countries with more than 7,000 employees, offering end-to-end services across power/grid infrastructure, EV charging, solar, BESS, and gas/biogas.

SGS SA Acquires Applied Technical Services from Odyssey Investment Partners

January 13, 2026

Industrial Services

Swiss testing, inspection and certification firm SGS SA completed the acquisition of Applied Technical Services, LLC from Odyssey Investment Partners, LLC and other selling shareholders. The transaction, announced July 1, 2025 and completed January 13, 2026, is valued at roughly $1.32 billion and was financed via cash, debt and a small equity consideration to certain sellers and key employees.

TJC, L.P. Acquires Global Transport Solutions (GTS)

November 27, 2023

Logistics & Distribution

TJC, L.P. (The Jordan Company) has entered into a definitive agreement to acquire Global Transport Solutions Topholding B.V. (GTS), an international maritime-focused logistics and forwarding provider operating under the Marinetrans and Best Global Logistics brands. The investment will provide GTS with resources to support geographic expansion, strengthen its network and capabilities, and accelerate growth across time-critical maritime supply chain markets.

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.

Continental Mapping Consultants Acquires TSG Solutions

October 20, 2020

Data & Analytics

Continental Mapping Consultants, a Bluestone Investment Partners-backed geospatial company, has acquired TSG Solutions, Inc., a Carlsbad-based provider of situational awareness, GIS services and proprietary software (ViSAR, SiteScene). The add-on acquisition strengthens Continental Mapping's national security and critical-infrastructure geospatial capabilities and expands its presence in California.

Subsea Global Solutions Acquires Underwater Contractors (Singapore) and Gray Diving Services (Australia)

January 1, 2020

Industrial Services

Subsea Global Solutions, a portfolio company of GenNx360 Capital Partners, acquired Underwater Contractors Pte. Ltd. in Singapore and Gray Diving Services Pty. Ltd. in Australia to expand its Asia‑Pacific footprint. The deals increase Subsea Global Solutions' number of home ports to 13 and strengthen its commercial diving and marine services capabilities in key ports such as Singapore and Sydney.