Synergy Consulting Advises AlGihaz Contracting on Investment in Enshore Subsea

Synergy Consulting was honored to act as Financial Advisor on this transaction and provided support to Al Gihaz on valuation, transaction structuring and negotiations with the management on shareholders agreement.

Al Gihaz Contracting, part of Al Gihaz Holding (KSA) announced its acquisition of assets, Intellectual Property and management systems of Enshore Subsea, a leading UK based subsea trenching company, providing seabed intervention services to mega-projects across industry around the world, and in the Kingdom of Saudi Arabia where Enshore Subsea will benefit from the strong local presence and experience of Al Gihaz.

The acquisition will see the creation of a new joint venture which will provide services in the field of subsea engineering and construction management, skilled manpower supply and equipment rental for subsea trenching, seabed intervention, development of seabed tooling technology and submarine flexible product installation. It is expected that the need for these services will grow significantly in the coming years especially in the GCC.

Saudi group acquires Enshore Subsea