Situation
Date
August 2024
Location
Southern U.S.
Type
Industrial Services
Majority Acquisition
Partnership Dynamic
Family-owned company transitioning to the second generation
The founders of an international marine surveyor sought a partner to work with the next generation of the family to grow their business over the long-term
Solution
We acquired a majority interest and successfully transitioned the company to the second generation of family leadership
Facilitated generational transition
We promoted the next generation to leadership roles
Streamlining operations
Introducing technology to automate operations and simplify company administration
Adding services
Investing in the growth of new service offerings
Result
We are working closely with multiple generations of the family to build a leading international marine services platform