A fund managed by Arcus Infrastructure Partners has acquired a service vessel provider for the salmon farming industry in Norway and Iceland.
The Arcus European Infrastructure Fund 3 (AEIF3) fund has invested an unspecified amount to acquire Abyss which operates 30 service vessels.
Since its establishment in 2000, Abyss has grown into the second-largest service vessel provider for salmon farming.
Victor Jensen, founder and CEO of Abyss, said: “I am delighted that Arcus recognises the strength of the Abyss business, and the trust they have shown in our strategy and growth prospects. Together we can continue to build on our excellent track record and develop into one of the world`s leading aquaculture service vessel companies.
“This is a landmark transaction for the company, enabling us to achieve our ambitious goals for the company in the years to come.”
Michael Allen, partner and head of transport at Arcus, said: “After researching the aquaculture service vessels sector over a number of years, it was clear that Abyss was a strong fit for AEIF3’s investment strategy. Abyss is a significant market player with an excellent track record, robust underlying growth trends and solid infrastructure characteristics.”
The acquisition of Abyss is the eighth investment made by AEIF3.
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