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Dales Marine

Deal Announcement: Corbett Keeling advised Dales Marine on its sale to H2 Equity Partners

We are delighted to have advised the shareholders of Dales Marine on the successful sale of their business to H2 Equity Partners, an investment firm. Dales Engineering Limited, known as Dales Marine, is a specialist marine services provider focusing on ship repair, maintenance and conversion. Founded in 1987, the business started out in the fabrication and repair of large industrial equipment, based in Peterhead, Aberdeenshire. Maurice Nicol, the founder, expanded the business into ship repair and maintenance in the 2000s with a site at the dry dock in Aberdeen Harbour.

The business now operates five dry docks across East and West Scotland serving a wide range of industries from oil & gas to fishing to passenger ferries. In addition to dry docking, Dales Marine provides fabrication services, undertakes ship conversions and is the only accredited provider of ship decommissioning services in Scotland holding a Scottish Environment Protection Agency license.

What the deal participants said

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