Novi Partners has completed its acquisition of Atlantas Marine Limited. The purchase price was not disclosed in the sources.
Atlantas Marine is a subsea inspection specialist operating across five continents. According to the source, it provides underwater ROV inspection services, equipment sales, training and product aftercare to blue chip customers in the renewables, oil and gas, security and nuclear sectors.
Novi Partners is described in the source as a UK succession vehicle founded by Josh Neely and Ben Saward to acquire and lead a high quality SME for the long term. The source congratulates Saward, Neely and the Novi Partners team on completing the acquisition.
The source states that Buzzacott's Alex Judd, Alexander Bull, Kazia Read, Catriona Soden and Alastair McQuater provided financial and tax due diligence, transaction advisory and tax structuring services on the deal. It also names Shoosmiths and ACP Altenburg Advisory as advisers on the transaction.