Triton Acquire LOD Diving Assets, Support Vessel

Press Release
Wednesday, October 03, 2012

Triton Diving acquires the diving assets of Louisiana Oilfield Divers (LOD).

Triton Diving Services, an affiliate company of Grey Mountain Partners, acquires diving assets of LOD, including 'Premier Explorer', a 208-foot, 4-point vessel.

The LOD acquisition strengthens Triton’s position as the dominant shallow water (0-300’) commercial diving contractor operating in the Gulf of Mexico. The additional capacity provided by this acquisition will allow it to better serve its customers.

Beth Lesniak, Vice President of Grey Mountain, said, "With a 20-ton lift capacity, accommodations for 40 crew and a fully functioning machine shop, the Premier Explorer vessel is an excellent addition to Triton’s growing dive service vessel fleet. We look forward to serving customers that have already utilized the ship and enhancing our ability to respond to our customers’ current needs in the Gulf of Mexico and abroad.”

Triton is an offshore commercial diving services provider focused on the Gulf of Mexico with a leading position in surface diving activities. Triton’s best-in-class safety record and focus on customer service has earned the Company a reputation for high-quality, incident-free performance.

Grey Mountain Partners is a Boulder, CO-based private equity firm that focuses on partnering with management to create lasting value through operational improvements.

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