Shaw Kwei & Partners has invested $17 million into marine logistics firm Amos International Holdings Pte. Ltd.
The private equity fund manager will take a 60 percent ownership stake in the company, with the remaining shares held by Amos’ management, led by CEO Danny Lien.
Amos will use the new capital to fund growth and to invest in a 150,000 square foot high-tech distribution centre to meet rising customer demand as well as expand its repair and maintenance workshop for both the marine and oil & gas industries.
Speaking about the investment, Amos CEO Danny Lien said: “We look forward to our partnership with Shaw Kwei & Partners, whose global expertise and extensive network will help expand our market share, particularly in Singapore and China.”
Amos provides marine and offshore procurement as well as logistics management solutions to vessels calling at major ports across Asia. Founded in 2004, Amos has developed into one of the leaders in the marine supply and logistics industry in South East Asia, having secured long term supply and logistics contracts with numerous major ship owning and ship management companies globally. Amos’ customers include the navies of numerous countries, owners and managers of containerships, tankers, FPSOs/FSOs, LNG/LPG vessels, oil rigs and offshore support vessels for the oil & gas industry.
“This investment further demonstrates Shaw Kwei & Partners’ commitment in Singapore. We believe that with deep management experience and a recognized history of quality services Amos is well positioned to increase its market share and growth in the marine and oil & gas sectors with its expanded products and services offerings. We plan to grow Amos both organically and through strategic acquisitions,” says Kyle Shaw, Managing Director and Founder of Shaw Kwei & Partners.