Crosbie

What Crosbie does

Crosbie is a privately held Canadian industrial services company headquartered in St. John's, founded in 1881, operating in three stated end-markets: offshore oil and gas, marine construction, and commercial development services. With a headcount of 101-250 employees, it is positioned as a mid-sized specialty contractor serving the Newfoundland/Atlantic Canada industrial corridor, where offshore energy development has historically driven project demand. The company has been in continuous operation for over 140 years, which implies a durable operating history in capital-intensive service segments, though the available data does not disclose the specific scope of projects, asset base, fleet composition, or contract structure.

The business model and revenue mechanics are not directly disclosed in the input. Based on the stated service lines, revenue is most plausibly generated through project-based contracts (offshore support, marine infrastructure construction, and commercial real estate/development work), with billings likely structured as fixed-price, cost-plus, or unit-rate engagements typical of industrial services. The company's customer base is not named, but the offshore oil and gas segment in this region is historically served by a concentrated set of operators (large integrated oil companies and project consortia), while marine construction and commercial development tend to be more dispersed.

The underlying technology stack, proprietary platforms, certifications, and go-to-market motion are not disclosed. The company website (crosbieworld.com) returned only a security verification page and provided no content, products, pricing, or partnership detail. Leadership is documented at the CEO level only — G. Mark Collett — with no other executives, board composition, or ownership structure available. No funding history, M&A activity, product launches, or partnership signals are present in the data, limiting conclusions about strategic momentum, capital structure, or recent operating decisions.

Name

Crosbie

Website

https://crosbieworld.com

Company type

Private

Founded year

1881

Operating status

Operating

Headcount range

101–250 employees

Short description

Crosbie is a privately held Canadian industrial services company, founded in 1881 and headquartered in St. John's, that provides offshore oil and gas, marine construction, and commercial development services to clients primarily in the Atlantic Canada region.

Ownership category

akta.pro rank

Headquarters

HQ city

St. John's

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Core offering

Crosbie specializes in offshore oil and gas, marine construction, and commercial development services. Operating from St. John's, Canada, the company delivers integrated industrial and marine services to business clients across energy and commercial sectors. Founded in 1881, the firm combines a long operating heritage with multi-disciplinary capabilities in marine and offshore work.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore Oil and Gas Services
• Marine Construction Services Marine construction services covering the building, installation, and assembly of marine and waterfront infrastructure for industrial and commercial clients.
• Commercial Development Services Commercial development services for real estate and commercial building projects, leveraging the firm's marine and construction capabilities.

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Broad incumbents

• Aker Solutions: Established Norwegian offshore services and engineering firm covering subsea, field development, and offshore wind. Comparable as a broad incumbent in the same offshore oil and gas and marine construction space, with overlapping customer base.
• TechnipFMC: Global subsea and surface technologies provider serving offshore oil and gas operators. Comparable broad incumbent with overlapping capabilities in offshore engineering, construction, and marine installation.
• Saipem: Italian offshore E&C and drilling contractor active in offshore oil and gas construction and marine installation worldwide. Comparable broad incumbent in the offshore construction and marine services space.
• McDermott International: Global offshore engineering, procurement, construction, and installation contractor for offshore oil and gas. Comparable broad incumbent delivering marine construction and offshore services to similar operator customers.
• Wood Group (John Wood Group): Global energy services and engineering firm with significant offshore oil and gas operations support. Comparable broad incumbent offering services to the same offshore operator customer base as Crosbie.

Direct peers

• Subsea 7: Global offshore contractor specializing in subsea installation, SURF, and marine construction for the oil and gas industry. Directly comparable to Crosbie's offshore oil and gas and marine construction focus, though operating at materially larger scale across multiple basins.
• Royal Boskalis Westminster: Global marine services and offshore contractor active in dredging, subsea, and offshore energy installation. Comparable to Crosbie in marine construction and offshore services, though with a much larger and more diversified portfolio.
• Heerema Marine Contractors: Specialist in offshore heavy lifting, transport, and marine construction, particularly for oil and gas platforms and offshore wind foundations. Highly comparable niche overlap with Crosbie's marine construction and offshore services profile.
• Stena Drilling / Stena Offshore: Family-owned offshore services group with drilling and marine construction activities. Comparable private-style offshore services firm with similar exposure to offshore oil and gas marine construction.

Regional players

• Pennecon Energy Marine Services: Atlantic Canadian marine and offshore services firm headquartered in Newfoundland. Highly comparable as a regional peer serving the same Newfoundland offshore basin and operator base as Crosbie.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• Xx.com/teamsymonds
• Facebookfacebook.com/crosbiegroup
• LinkedInlinkedin.com/company/crosbie

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Crosbie