Subsea expansion for global firm thanks to deal brokered by HCR

18th November 2022

Gloucester-based AIS, the award-winning supplier of protection systems, has acquired Lancashire-based subsea specialists CRP Subsea, following a deal brokered by Harrison Clark Rickerbys’ Rachael Reeves and Lara Bethell.

The acquisition means AIS can expand its offering across its growing subsea range. The bringing together of these two industry leaders is hoped to create one global-scale business. CRP specialise in buoyancy and protection products for offshore renewables and gas industries.

Corporate Partner Rachael Reeves said: “I’m really pleased to have played a part in bringing these two companies together in this deal and I wish them every success in the future.”

Andrew Bennion, Group Managing Director, commented: “Considerable growth is expected in the offshore market, and the acquisition further strengthens AIS’ position in the industry, whilst ensuring our customers have access to a wider range of innovative subsea solutions. Indeed, AIS and CRP Subsea share DNA as forward thinking, innovative companies, and we will be stronger together.”

John Drury, CRP Subsea Managing Director, commented: “We are really excited about this new chapter for CRP Subsea as we join the AIS family.  The move enables us to accelerate our growth ambitions towards the offshore energy sector, and the synergies between CRP Subsea and AIS will allow us to bring even greater value to our customers around the world. ”

Harrison Clark Rickerbys has more than 800 staff and partners based at offices in Birmingham, Cambridge, Cardiff, Central England, Cheltenham, Hereford, London, Thames Valley, Worcester and the Wye Valley, providing a complete spectrum of legal services to both business and private clients regionally and nationwide.

The firm has global reach via its network of independent law firms, LawExchange International. It also has a number of highly successful teams specialising in individual sectors, including health and social care, education, technology, agricultural and rural affairs, finance and financial services, defence, security and the forces, and construction.