Secunda Holdings Acquires Charter Fleet Vessels and Related Assets

Secunda Holdings LP acquired 10 charter fleet vessels and related assets from subsidiaries of McDermott International, Inc. based in Houston, Texas. Secunda Holdings is a newly formed entity backed by Birch Hill Equity Partners, Canada's leading mid-market private equity firm. Secunda Holdings intends to continue and expand the existing business of servicing the Canadian East Coast offshore oil and gas industry with supply and standby vessels and vessel services from its base in Nova Scotia. The purchase price was undisclosed.

Birch Hill Equity Partners was represented by Stewart McKelvey with a team led by Richard Niedermayer and including Gavin Stuttard, Maurice Chiasson, QC, Sadira Jan, Marc Reardon, Will Moreira, QC, (marine) and Rick Dunlop (employment).

McDermott was represented by an in-house team led by Tim Woodard and Don MacLeod, by James Mayor at Baker Botts LLP in Houston, and by McInnes Cooper for local and Canadian matters with a team that included Wylie Spicer, QC, Fae Shaw, QC, Ray Adlington, Ian Pickard and Mike Simms.
Precipice Capital Inc. also acted as an advisor on the transaction.


Ian C. Pickard A. William Moreira Sadira E. Jan Raymond G. Adlington Marc A. Reardon Gavin Stuttard Donald A. MacLeod Wylie Spicer Michael Simms Rick M. Dunlop Maurice P. Chiasson Richard Niedermayer Fae J. Shaw


Stewart McKelvey Baker Botts LLP McInnes Cooper