Heidmar Completes Acquisition of Q-Shipping for Approximately $200K
Heidmar announced that it has completed the acquisition of Q-Shipping B.V., a ship management and crewing business, adding nine vessels to its managed fleet and establishing an operating presence in the Netherlands and Turkey, with a dedicated crewing capability in Ukraine. The transaction was completed for total consideration of approximately $200K, funded from cash on hand, and closed effective July 1 with no regulatory approvals or other post-closing conditions outstanding. "This acquisition is a clear example of how we intend to grow Heidmar - adding vessels and expanding into new markets with minimal capital and immediate operational upside. Overnight we gain a management presence in the Netherlands and Turkey and a capable crewing operation in Ukraine, giving us the platform and the people to take on further mandates and scale our managed fleet across the region. It is a small investment with strategic value, and it reflects the disciplined, capital-efficient way we plan to build the Company," said Pankaj Khanna, CEO of Heidmar.
