Norway's Siem Offshore takes 50% of Birch-backed Secunda for $16.25 mln
Norway's Siem Offshore AS, a global supply and subsea shipping company, has acquired a 50 percent ownership interest in Secunda Canada LP, a Dartmouth, Nova Scotia-based operator of harsh-weather offshore support vessels servicing the oil and gas industry. The acquisition price was $16.25 million. The seller in the transaction was Canadian mid-market buyout firm Birch Hill Equity Partners, which last year established Secunda Canada following its purchase of marine services assets from Houston, Texas-based McDermott International Inc.
10 September 2013•3 mins read
