Middle East inspection group gets equity injection

Blue Water Energy says it will provide equity investment in Unique Maritime Group (UMG), a specialist in the sale and rental of equipment to support offshore construction and inspection projects.

Jul 16th, 2014

Offshore staff

SHARJAH, UAE – Blue Water Energy says it will provide equity investment in Unique Maritime Group (UMG), a specialist in the sale and rental of equipment to support offshore construction and inspection projects.

UMG, formed in 1993, is based in Sharjah’s Hamriyah Free Zone, with operations across theMiddle East, USA, UK, South Africa, Nigeria, India, and Singapore. 

Blue Water Energy, formed in London in 2011, targets private equity investments in the upstream and midstream/downstream energy supply chain.

UMG plans to use the investment to accelerate growth via additions to its rental fleet and through further acquisitions to expand its services and geographic distribution.

Services currently include power generation and propulsion systems for offshore vessels; offshore containers; the Unique Seaflex range of air lift bags, water weights and pipeline buoyancy units; diving and ROV systems; and oil and gas pipeline rehabilitation, hot tapping, and pipeline isolation.

07/16/2014

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