GustoMSC Sold to Parcom Capital

By Angela Sormani — 3 years ago

SBM Offshore has sold GustoMSC to Parcom Capital, a private equity group, for approximately $185 million. The sale is a first step in the divestment program for non-core assets of approximately $400 million that the company announced in August 2012. GustoMSC is a supplier of proprietary designs of mobile offshore units and for delivery of associated equipment.