SBS acquires Seaforth Maritime

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SBS Logistics is all set to become one of the biggest oil and gas logistics companies in the UK, following its acquisition of Seaforth Maritime.

The acquisition which was for an undisclosed sum includes; Seaforth’s offshore supply base at Waterloo Quay in Aberdeen, two marine gas oil storage tanks and Seaforth’s extensive fleet of trucks, forklifts and cranes. It has also been agreed that SBS will gain exclusive use of storage facilities at Potterton and Marywell, both in Aberdeenshire.

Mike Porter, managing director of SBS, said: “Bringing together the assets and workforce of SBS and Seaforth will enable us to support both businesses’ existing logistics clients better, by offering a more effective vessel turnaround service in Aberdeen. The additional facilities will also give us the capacity to grow and further strengthen our position as one of the UK’s leading logistics companies for the oil and gas industry.

SBS has confirmed that it will honour all of Seaforth’s existing contracts and will also take over Seaforth’s Great Yarmouth supply vessel loading and discharge operations, which service the oil and gas industry in the Southern North Sea.

“The acquisition of Seaforth will give us a foothold and customer base in the Southern North Sea where we intend to develop new logistics services in conjunction with Peterson Supplylink, our partners in the Netherlands.”

Andrew Macdonald, managing director of Seaforth Maritime said: “In less than two years we have turned the fortunes and prospects for the business round and successfully positioned Seaforth for its next stage of development. Coupled with this is the fact that consolidation within the market creates significant value for the respective customers as well as exciting opportunities for the employees of the enlarged SBS.”

Following the acquisition of Seaforth, Waterloo Quay, Potterton and Marywell will become SBS branded sites, however Seaforth’s Transport and Cranes Division will continue to trade under the Seaforth name as a trading division of SBS Logistics.

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