Companies

BGF makes a multimillion-euro investment in Galway-based marine business

Ocean Crest Marine has barges working on various marine projects

Ocean Crest Marine Sept 2023 (l-r) CEO, Marcus Lally, Joe Higgins of BGF and incoming Chairman, Michael Maher.

BGF, a growth capital investor, has announced a “multimillion-euro” equity investment in Ocean Crest Marine, a Galway-based specialist marine plant hire business.

The deal will see BGF become a “significant minority shareholder in the business”, according to a statement from BGF.

The funds will support the company’s growth in Ireland and expansion into the UK and beyond.

Ocean Crest Marine was founded in 2013 by Marcus Lally, CEO and majority shareholder of the business.

The ...