Carter Ledyard announced today that its client, Moreld, acquired Ocean Installer in a complex transaction. Moreld is a multi-disciplinary engineering group in the offshore energy and marine industries, and Ocean Installer provides marine construction and offshore energy solutions. Moreld is owned by McIntyre Partners, acquired from HitecVision in January 2024, a transaction in which Carter Ledyard counseled McIntyre. Moreld has raised $225 million in senior secured notes to fund the acquisition, among other things.
The team was led by partners Guy P. Lander and Steven Paul McSloy, and associates Paul J. Brown III, Louie Ayash, Jenny Frank, and Claudia Carbone, and paralegal Marianne Bellucci. Partner James Gadsden advised on finance and Melinda Fellner provided advice in Tax.