Triton Diving Services, a portfolio company of Grey Mountain Partners, has acquired the diving assets of Louisiana Oilfield Divers, including the Premier Explorer, a 208-foot vessel.
“With a 20-ton lift capacity, accommodations for 40 crew and a fully functioning machine shop, the Premier Explorer vessel is an excellent addition to Triton’s growing dive service vessel fleet,” said Beth Lesniak, Vice President of Grey Mountain. “We look forward to serving customers that have already utilized the Premier Explorer and enhancing our ability to respond to our customers’ current needs in the Gulf of Mexico and abroad.”
Triton is an offshore commercial diving services provider focused on the Gulf of Mexico. The company provides decommissioning, maintenance, inspection and repair, and emergency services to the major operators and engineering firms in the offshore oil and gas market. Triton has an owned fleet of seven vessels and approximately 260 employees and is based in Metairie, LA (www.tritondiving.net).
“This acquisition strengthens Triton’s position as the dominant shallow water commercial diving contractor operating in the Gulf of Mexico. The additional capacity provided by this acquisition will allow us to better serve our customers,” said Mark Jeansonne, CEO of Triton Diving Services.
Grey Mountain Partners invests in middle market companies with enterprise values between $30 million and $150 million. The firm is based in Boulder, CO (www.greymountain.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-2-12
