catalyst investments | Bhagwan Marine

Bhagwan Marine is the pre-eminent service provider to the offshore Oil & Gas industry in Australia. The business has been operating in the sector since 1998 and now has a strategic  presence in the key port locations in WA, NT & QLD. The business currently operates in excess of 50 vessels and employs 350 of the best trained and knowledgeable marine personnel in the industry.

Catalyst has acquired a significant interest in Bhagwan Marine and has provided growth capital to help expand & develop the vessel fleet. The Kannikoski family will remain a significant shareholder in the business and Loui Kannikoski will continue to lead the business as Managing Director.

The transaction will significantly strengthen the company’s balance sheet and provide capital to meet the strengthening demand for vessels and marine services in the Australian Energy & Resources sector. The transaction marks Catalyst’s second investment in the WA market and highlights the potential of opening an office in Perth.