Graham Gulf (add-on to International Offshore Services)   

Control Buyout – Corporate Divestiture
Oil & Gas

Graham Gulf, based in Houma, LA, an operator of a fleet of shallow and deep water marine vessels, as well as a boat fabrication facility. The AuSable team acquired 14 vessels from Graham as an add-on to International Offshore Services, increasing IOS’ market share in the shallow water market and expanding IOS into the larger vessel market. IOS’ powerful relationships in the GOM were leveraged upon acquisition and, though the fleet was not working while owned by Graham Gulf, quickly moved to almost 100% utilization, generating significant returns while strengthening IOS’ overall market position in the GOM.