#USA #Houston #Sallyport Investments #Submar #Pipeline Remediation

Sallyport's Strategic Investment in Submar

In a significant move signaling its commitment to infrastructure resilience and environmental protection, Sallyport, a private equity firm specializing in operationally focused investments, has announced its recent investment in Submar, LLC, a prominent player in the pipeline erosion remediation sector headquartered in Louisiana.

Sallyport's investment is notable as it marks the third platform investment from its flagship fund, Sallyport Partners Fund, LP. Submar stands out as a leader in the remediation space, offering services primarily for onshore pipelines, complemented by capabilities for offshore deployments. With a robust clientele featuring established names in energy and infrastructure, Submar has earned a solid reputation through long-term relationships and satisfaction-based service.

Kyle Bethancourt, Managing Partner of Sallyport, expressed enthusiasm about the deal, emphasizing the strategic fit that Submar represents. He stated, “We’re excited to partner with the experienced team at Submar. We believe the business is well positioned for long-term growth.” This optimism rests on the backdrop of critical industry trends, notably an aging infrastructure network, increasing regulatory demands, and heightened demand for natural gas driven by burgeoning LNG exports and gas-fired power generation initiatives.

Submar has built its brand over four decades, providing innovative engineered solutions that ensure the integrity of vital infrastructures. Its portfolio includes specialized offerings such as articulated concrete mat systems and turnkey remediation services, which leverage advanced deployment equipment tailored to complex environments.

“We see a myriad of opportunities to accelerate growth with Sallyport’s industry relationships and operational acumen,” said Ryan Howard, another Managing Partner of Sallyport. His confidence underlines the extensive connections Sallyport has within the midstream sector, which have previously fueled the success of other investments including T.D. Williamson and Navitas, both recognized names in the infrastructure domain.

Joseph Fournet, the President of Submar, stated his excitement about this partnership. He remarked, “We believe their well-established relationships and strategic resources will position Submar for long-term success.” Fournet reassured stakeholders that alongside this growth opportunity, Submar will maintain its steadfast dedication to quality service and safety, which have become the hallmarks of the organization.

This collaboration intends to preserve Submar’s established management team, ensuring continuity as the company navigates its next growth chapter under Sallyport's strategic guidance. Fournet, with his wealth of technical expertise, brings a focused leadership approach that aligns with Sallyport’s vision for advancing crucial capabilities in pipeline remediation.

Sallyport, founded in 2023 and based in Houston, Texas, is committed to nurturing the growth of firms across varied industries. It emphasizes collaboration with management teams to unlock value and drive success, seeking to forge lasting outcomes for investors, companies, and the communities they serve.

Submar, located in Thibodaux, Louisiana, has made a name for itself as a premier provider of erosion remediation solutions targeting both onshore and offshore environments, taking significant steps to shield pipelines from environmental establishments and challenges. Their comprehensive services include an array of pre-construction site assessments, permitting procedures, and active monitoring operations tailored for various industries, including oil, gas, and renewable energy.

With such steadfast commitments and strategic alignments, both Sallyport and Submar seem poised for transformative advancements in the face of environmental and infrastructure needs across the nation, heralding a bright future of collaborative success within this essential sector.