We are delighted to have provided financial and tax due diligence, transaction advisory and tax structuring services to Novi Partners on its acquisition of Atlantas Marine.

The Buzzacott team was made up of George Thresh, Alex Judd, Alexander Bull, Kazia Read, Catriona Soden, Hayley Langman and Alastair McQuater.

Who were the firms involved?

Atlantas Marine is a global subsea inspection specialist, founded by Charlie Foll in 2000. It operates across five continents providing underwater Remotely Operated Vehicle (ROV) inspection services, equipment sales, training and product aftercare to blue chip customers in the renewables, oil & gas, security and nuclear sectors.

Novi is a UK succession vehicle founded by Josh Neely and Ben Saward to acquire and lead a high-quality, services-led SME for the long term, backed by an international group of institutional and experienced private investors.

After a careful search for the right successor, Charlie chose Novi Partners to own and run the business. The full Atlantas Marine team will continue running the business under the same name. Novi Partners’ founders, Josh Neely and Ben Saward, have joined as joint Managing Directors, responsible for running the company day-to-day alongside the established senior leadership team.

What we liked about the deal

“Having worked with Josh and Ben since the start of their Novi journey, it is fantastic to see the successful acquisition of Atlantas Marine, an award-winning subsea inspection specialist serving clients in very attractive sectors (particularly offshore renewables and defence). It has been a very busy summer for the Entrepreneurship Through Acquisition asset class in the UK with this transaction being a great example of what the model can achieve.”

- George Thresh, Director, Transaction Services

Hear from our client

“George and the Buzzacott team used their extensive experience in the ETA space to provide exceptional guidance and practical support throughout the transaction."

- Josh Neely, Novi Founder