Merced Capital acquires Dubai-based Telford Offshore group

Merced Capital acquires Dubai-based Telford Offshore group

The Telford Offshore group, a Dubai-headquartered international offshore service provider, has been acquired by entities affiliated with Merced Capital, a US-based private investment firm.

As part of the transaction, Merced Capital has provided an injection of new capital in the Company to support its next chapter of growth and improve its balance sheet, reducing its net debt position to zero post-transaction. With the backing of a supportive financial sponsor and substantially enhanced liquidity, Telford Offshore will be well-positioned to benefit from the recovery underway in the global energy industry and the associated robust demand for offshore services.

Telford Offshore also announced that Mr. Robert Duncan has been appointed as the new Chief Executive Officer of the Company. Mr. Duncan will assume his responsibilities effective immediately, succeeding Mr. Fraser Moore. Mr. Duncan most recently served as Founder and CEO of Capital Strategies International and prior to that was CEO of Seafox International.

Mr. Robert Duncan

CEO – Telford offshore “I am honored to join Telford Offshore at this pivotal time for the Company and at an important moment in our industry, which is in the early phases of what we expect to be a strong recovery after several challenging years. Under its new ownership and