Carib LPG was established in 1991 in Barbados and has grown to become a leading LPG trader and shipping company in the Caribbean. Petredec sold its controlling 60% stake to an existing shareholder, Windward Investments Limited and Tropical Energies Corporation (Trenco). Going forward Carib LPG is well position to continue its growth and success in the Caribbean and Americas region.
“BDO supported us from the inception of the transaction through to completion, starting with helping us assess the valuation of Carib LPG as a leading LPG trading and shipping business, before guiding us with completion mechanism and M&A advisory. Carib LPG and Windward Investments Limited begin an exciting new chapter with a new trading partner, Tropical Energies Corporation (“Trenco”), we look forward to the continued growth and success of Carib LPG.
The BDO team were knowledgeable and pragmatic and we benefitted from their maritime and shipping experience and expertise. We would certainly recommend the BDO team to others.”
Peter Lewis, Owner of Windward Investments Limited
"It has been a pleasure supporting Peter and the wider Windward team on uplifting their ownership stake in Carib LPG. We were successfully able to leverage our international shipping experience to add value to Windward through the course of the transaction process."
Ryan Biscomb, Director, BDO LLP
The BDO project team included:
Marty Lau, Ryan Biscomb, Andrew Riley (completion mechanism)
Duncan Chandler, Aleksey Kireenkov (M&A advisory)
Simon Jones, Elizabeth Acland (Valuations)