Sale to private investment firm
Moreld sold to McIntyre Partners
Alpha advises HitecVision in the sale of Moreld to McIntyre Partners

McIntyre Partners, the UK-based private investment firm, has acquired the energy and marine services companies Moreld Apply AS, Global Maritime Group AS, and Ross Offshore AS, which together form Moreld.

Alpha Corporate Finance has acted as financial advisor to HitecVision and Moreld in the transaction.

Moreld Apply, Global Maritime Group, and Ross Offshore offer a variety of complementary services, including maintenance, modification, and operations of offshore assets by improving production efficiency, implementing decarbonisation solutions, and extending the life span of critical infrastructure; total well management and marine management services within drilling, well and reservoir operations; and marine, offshore, and engineering services to drive the energy transition.

Moreld has annual revenues of approx. NOK 5 billion with ~2100 employees.

“We are excited to work with McIntyre and Velocity Partners as long-term owners to support us in meeting the growing demand for our offshore services and positioning our group for long-term success in a changing industry. Most importantly, we are continually striving to improve the service levels that we offer our customers and the prospects and fulfilment of our employees. We are enthused that McIntyre and Velocity Partners share our focus on stakeholder management and we are confident about our prospects together.” says Geir Austigard, CEO at Moreld AS.

McIntyre Partners is a private investment firm that focuses on acquiring non-core businesses from corporate and financial sellers in energy, industry, and infrastructure. In the acquisition of Moreld, McIntyre has also partnered with incumbent management and Velocity Partners, a UK-based investment advisory firm focused on energy services.

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