Merced Capital completed the acquisition of Telford Offshore from Global Loan Agency Services.

Merced Capital, a private investment firm, completed the acquisition of Telford Offshore, an international offshore service provider offering cost-effective construction and project management solutions to the oil & gas, from Global Loan Agency Services. Financial terms were not disclosed. “We have been Telford Offshore’s primary financial sponsor since the inception of the Company and look forward to continuing to support the team in this new chapter of its corporate history. We thank Fraser for the strong foundation he built at Telford and his support during this transition. Looking ahead, we are confident that Robert is the ideal leader to develop and strengthen the Company’s platform and to capitalize on growth opportunities in the offshore services market,” Joe McElroy, Merced Capital Partner.