New Wave Media

July 16, 2014

Blue Water Energy Invests in Unique Maritime

Left to right: Martin Somerville from BWE Shaking Hands with Harry Gandhi, CEO of UMG on this new partnership

Left to right: Martin Somerville from BWE Shaking Hands with Harry Gandhi, CEO of UMG on this new partnership

Unique Maritime Group (UMG), an integrated turnkey subsea and offshore solutions provider, announced an 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 customized engineering projects worldwide. Headquartered in the Hamriyah Free Zone of the United Arab Emirates, UMG’s operations are spread across the Middle East, U.S., U.K., South Africa, Nigeria, India and Singapore. 

Founded in 2011, Blue Water Energy is a 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 utilizing 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 possess combined experience spanning over 160 years.

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. 

On this occasion, Harry Gandhi, CEO at Unique Maritime Group 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 at Blue Water Energy further added, “We are very excited to have been given the opportunity to work with Harry and his team. 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.”

uniquegroup.com
 

Harry Gandhioil and gasmanufacturing capability
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