Valyrian Liftboat LLC has acquired three liftboats formerly operated by Hercules Liftboat Company and placed them under the management of GPK Marine Management Services Group FZ-LLC.
GPK Marine Management Services Group FZ-LLC (GPK MMS) assisted Valyrian Liftboat and its investor base with the acquisition of the liftboats, Amberjack, Kingfish and Whaleshark.
The acquisition was concluded earlier this year with GPK MMS appointed as the dedicated manager of the Valyrian liftboats.
GPK MMS is a joint venture company between David Faulkner and Maas Capital Offshore, a private equity arm of ABN AMRO Bank. The company is based in Ras Al Khaimah in the United Arab Emirates and was incorporated in 2012.
With the addition of the Valyrian liftboats, GPK MMS now has four liftboats under management including Dixie Patriot.
GPK MMS’ founder and chief executive David Faulkner said, “Our company has a strong focus on providing our client base with high quality services and HSEQ standards at a cost-effective basis.
“The addition of the Valyrian liftboats has set the stage for further growth of the company. There are a lot of challenges in today’s market but at GPK MMS we are optimistic about our future and future business opportunities. The recent award of a multi-year contract in April 2017 with a client in the Middle East region for one of the Valyrian liftboats underlines the trust from our client base and management capabilities.”