Inchcape Shipping Services
Liberty advises the management team of Inchcape Shipping Services on their acquisition by Epiris
Epiris has agreed to acquire Inchcape Shipping Services (or “ISS”), one of the world’s largest maritime services providers. Financial terms are not being disclosed.
ISS is a global provider of maritime services to ship owners, operators and charterers. Founded in India in 1847, today ISS is headquartered in London and operates in more than 60 countries around the world.
The company’s port agency division is present in more than 85% of the world’s ports where it handles all aspects of a port call – from arranging pilots, tugboats and mooring, to loading, unloading, clearing and forwarding freight, to resupplying, refuelling and crewing – for cargo, passenger and naval vessels, handling around $4 billion of transactions across more than 80,000 port calls annually. ISS’s marine services division provides spare parts and other products and services required by vessels during a port call.
ISS is run by Chief Executive Frank Olsen, an experienced maritime professional who joined the company in 2016.
Epiris is now making a transformational investment in our successful business that will establish a new platform for customer-focused growth and enable us to take our marine services and digital solutions to the next level as we transition into the future.
Frank Olsen
CEO of ISS
ISS is a world leading business with an outstanding heritage, working with Epiris the management of ISS can now look forward to an exciting next phase of the journey. It has been a pleasure to have supported Frank and the team on the transaction and we wish them every success as they take the business forward.
Simon Hill
Partner
+44 (0) 7813 601 051
simon.hill@libertycf.co.uk