
Parcom-backed BlueStar bolts on RH Offshore
BlueStar, a subsidiary of Parcom Capital portfolio company Star Group, has acquired RH Offshore, a Netherlands-based radio communication and navigation systems provider.
Star Group, which has been backed by Parcom since 2011, established BlueStar in January with the aim of increasing diversification in the maritime and offshore sectors. RH Offshore will begin operating under the BlueStar label in July.
The deal is the third acquisition by Star Group, following Steven Parc Technische Specialisten in 2013 and IMG Engineering in 2015.
Company
Established in 2001, Star Group provides specialist services in oil, gas and power management. Star operates in Belgium and the Netherlands and is headquartered in the Dutch municipality of Moerdjik. Parcom backed the management buyout of Star Group in 2011, acquiring the company from previous investors De Hige Dennen and Atlas Invest.
BlueStar is a workforce management organisation with a large network in the offshore and maritime sectors. It provides contract recruitment, project management, managed solutions, and permanent recruitment services to its clients.
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