CHAMP Ventures in marine logistics buyout
CHAMP Ventures as acquired a majority interest in Sea Swift, an Australian marine logistics company that delivers supplies to remote island and coastal communities and resource development outposts. HarbourVest Partners is participating as a co-investor.
Founded in 1987, Queensland-based Sea Swift's fleet has grown from four vessels to 25, with a staff of 300. Annual turnover is approximately A$100 million ($103 million). CEO Fred White said that CHAMP...
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