Braemar Shipping strikes deal to buy Steege Kingston
26 February 2008
Braemar Shipping Services has agreed a deal to buy specialist loss adjusting firm Steege Kingston Partnership Ltd in a move expected to be worth £5.5 million.
Steege Kingston is one of the leading international players in the energy adjusting market, with a particularly strong reputation and presence in the offshore/upstream sector.
Alan Marsh, Braemar’s chief executive, said the acquisition represented another significant step towards the company’s goal of building a broadly-based shipping and energy services group.
“The skills Steege Kingston possess will sit well alongside our technical services existing businesses, Falconer Bryan, Wavespec and DV Howells, and enable us to offer our clients a broader range of services,” he said.
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