Velocity Partners acquires Moreld group companies
Offshore staff
LONDON — Private equity firm Velocity Partners has acquired Moreld Apply, Moreld Ross Offshore and Moreld Global Maritime from HitecVision.
The company will invest alongside private energy investment specialist McIntyre Partners and Moreld’s management, which will retain a large stake in the group.
Moreld has an established presence on the Norwegian Continental Shelf, working for companies including Equinor, Vår Energi, Aker BP, Total Energies, Shell, Exxon Mobil and Chevron.
Revenue from the three companies totalled an estimated $490 million in 2023.
01.11.2024
Sponsored