BGF Investment

BGF has made a multi-million euro equity investment into Ocean Crest Marine
In early September 2023, Ocean Crest Marine Ltd were proud to announce that BGF- a growth capital investor, became a significant minority shareholder in our ever-growing business. With Ocean Crest Marine’s team and the support of BGF, we are looking forward to future growth in Ireland and expansion into the UK and beyond. The deal was led by BGF investor Joe Higgins. Higgins will join Ocean Crest Marine’s board as director, while his colleague Aoife McAdam will join the board as observer. Michael Maher will also join the board as non-executive chair and will invest in the business alongside BGF.

“We are delighted to have BGF join us at Ocean Crest Marine. There is increasing demand for marine service providers to the offshore renewable industry here on our domestic shores and this investment will allow us to accelerate our growth plans in Ireland and the UK. With Michael Maher and Joe Higgins joining the board, Ocean Crest Marine will benefit from their knowledge and years of experience in scaling businesses in various jurisdictions.”   

– Marcus Lally, founder and CEO of Ocean Crest Marine



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