Target: Resolve Marine
Seller: Resolve Marine
Advisory sell side: JBR Corporate Finance | Financial advisory
Buyer: Boluda Towage
Date announced: 2024-02-07

Boluda, a prominent global maritime services company, has recently completed the acquisition of Resolve's Gibraltar harbor towing operations and fleet. This strategic move signifies Boluda's commitment to expanding its presence and enhancing its capabilities in the maritime industry.

The acquisition includes Resolve's towing operations in Gibraltar, a key maritime hub known for its strategic location at the entrance of the Mediterranean Sea. Gibraltar serves as a crucial waypoint for shipping and international trade, making it an attractive investment for companies in the maritime sector.

By acquiring Resolve's harbor towing operations and fleet in Gibraltar, Boluda aims to strengthen its position as a leading player in the maritime towing and assistance services. The addition of Resolve's assets to Boluda's existing fleet will not only bolster the company's operational capacity but also allow for more efficient and comprehensive maritime services in the region.

Resolve, as the previous owner of the towing operations, has a history of providing high-quality and reliable services. Boluda's decision to acquire these operations reflects confidence in the value that Resolve has built in the Gibraltar maritime sector.

This acquisition aligns with Boluda's broader strategic goals of expanding its global footprint and offering a diversified range of maritime solutions. As the maritime industry continues to evolve, companies like Boluda recognize the importance of adapting and growing to meet the changing needs of their clients.

Overall, Boluda's acquisition of Resolve's Gibraltar harbor towing operations and fleet is a significant development that positions the company for continued success in the competitive maritime services landscape, allowing them to provide top-notch assistance to vessels navigating the waters in and around Gibraltar.