Searchlight Capital Partners to acquire a minority stake in Synergy Marine Group.

Searchlight Capital Partners, a private equity firm, agreed to acquire a minority stake in Synergy Marine Group, a company which provides full ship management services for contemporary ships. Financial terms were not disclosed. “We have always believed in and implemented a strong culture of customer centricity in Synergy. Now, to be able to further continue creating incremental value for our clients, we need to look at newer operating models focused on a value driven partnership as opposed to the present vendor mindset in the ship management industry. Amongst other things, this could be driven by digitalization especially considering the increased regulatory complexity and ever growing ESG considerations. Hence, we are excited to partner with Searchlight, who have a strong and demonstrable track record of rigorous transformation and operational excellence execution. With this transaction, we welcome new partners, Searchlight and our fellow Synergy colleagues, into the ownership of Synergy,” Rajesh Unni, Synergy Founder and CEO.