North Star purchases four offshore service vessels

North Star finalized the acquisition of four offshore service vessels, expanding its marine fleet to support offshore wind operations in the UK. The transaction strengthens North Star's capacity to service offshore wind farms, including those in development and operation phases. The vessels will be deployed across multiple offshore wind projects, enhancing logistical and maintenance capabilities for the renewable energy sector. The deal aligns with North Star's strategic focus on marine energy infrastructure, complementing its existing fleet of offshore support vessels. No financial terms or specific vessel details were disclosed in the announcement. The acquisition is expected to bolster North Star's market position in the UK's growing offshore wind industry.

Counterparts (2)

Seller

Offshore service vessels

company · 1 deals

Houma, Louisiana-based oilfield services company specializing in offshore and land-based well intervention, pump support, and rental tools for the upstream oil and gas industry, with 450 employees across four U.S. facilities.

Buyer

North Star

company · 2 deals

North Star Infrastructure Partners is a private equity firm focused on investing in mid-market infrastructure assets across North America. The firm targets opportunities in energy transition, digital infrastructure, transportation, and utilities, aiming to create value through active asset management and strategic partnerships.