Martin Somerville (left) from Blue Water Energy with Gandhi

Martin Somerville (left) from Blue Water Energy with Gandhi

UMG’s equity gain

01 August 2014

UNIQUE Maritime Group (UMG), one of the world’s leading integrated turnkey subsea and offshore solutions provider, has announced a pivotal strategic equity investment from Blue Water Energy.

Founded in 1993, UMG is a specialist in the provision of services, and the sale and rental of equipment for the marine, diving, hydrographic, oceanographic, oil and gas, inspection and NDT market sectors. The group has an established manufacturing capability for the delivery of customised engineering projects worldwide. UMG is headquartered in the Hamriyah Free Zone of the UAE. And its operations are spread across the Middle East, US, UK, South Africa, Nigeria, India and Singapore. 

Founded in 2011, Blue Water Energy is a leading global middle market energy private equity firm based in London.

“The firm primarily targets private equity investments in the upstream and midstream/downstream energy supply chain, while partnering with best-in-class management teams and utilising a network of seasoned investment and operating professionals that drive value throughout all aspects of the investment process. Its partners have on average 25 years of relevant experience and, complemented by a seasoned investment team, the Blue Water Energy investment team possesses combined experience spanning over 160 years,” a statement with the announcement said.

The new partnership will allow UMG to accelerate its growth plans through additions to its rental fleet, as well as through further acquisitions to expand the product and service offering and geographic distribution, it added. 

Harry Gandhi, CEO, UMG, commented, “Blue Water Energy is a strong partner for this important growth phase of our business. From the outset, the team at Blue Water Energy has understood our strategy and vision and we are confident that with their industry experience and network, they can strongly support UMG’s expansion plans.”

Tom Sikorski, partner, Blue Water Energy, remarked: “The partnership with UMG continues our investment strategy of working with founder owners building international energy companies. Harry and his team have a very successful track record to date and we see significant growth opportunities – both organically and through acquisitions – for UMG across its international network.”

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