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Announced

Subsea Global Solutions to acquire Underwater Contractors and Gray Diving Services.

Synopsis

GenNx360 Capital Partners-backed Subsea Global Solutions, a provider of underwater vessel maintenance, inspection and repair services, agreed to acquire Underwater Contractors and Diving Services, two commercial diving firms. Financial terms were not disclosed. "With well-known brands like UWC and GDS joining our organization, we will solidify our leadership in our market segment and will be able to truly support our clients from these key locations with our own personnel, boats, gear, and equipment. We look forward to joining our forces," Paul Peters, SGS CEO.

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