Subsea Global Solutions Acquires Muldoon Marine Services

Commercial diving company Subsea Global Solutions (SGS) said it has acquired Muldoon Marine Services (Muldoon), a commercial diving firm based in Long Beach, Calif.

"This is an exciting day for the SGS family as this acquisition will further solidify our position as the market leader in underwater ship maintenance, repair and marine construction solutions both locally in California and abroad," said Paul Peters, Chief Executive Officer of SGS. "Muldoon has been operating in the Long Beach area and nearby ports for 30+ years with a solid track record and an exceptional customer service history. After many years of competing against one another we are enthusiastic about the possibilities of joining forces to better serve all our clients."

Richard Barta, Founder and Managing Director of Muldoon, added, "Our merger into SGS comes at the right time as we were evaluating the options on how to position Muldoon for future growth. We are excited to finally merge with our local friends and become part of their successfully growing network.”