Goldman Sachs Asset Management, through indirect subsidiary Falcon Bidco AS, has agreed to acquire Frøy ASA, a Norwegian aquaculture services company, in a deal worth NOK 6.6 billion ($599.22 million). The transaction is expected to close in the third quarter of 2023.
Frøy is a provider of transportation and support infrastructure to the aquaculture industry. The company operates a fleet of wellboats and service vessels that are used to transport fish, feed, and other supplies to aquaculture farms. Frøy also provides a range of other services, such as fish health and welfare, and environmental monitoring.
The acquisition of Frøy is part of Goldman Sachs’s strategy to invest in sustainable infrastructure businesses.
“We are excited to invest in Frøy, as one of the leading companies providing mission-critical transportation and support infrastructure to the aquaculture industry,” said Tavis Cannell, global co-head of infrastructure within Goldman Sachs
