LATC LTD
LATC LTD is a Nigerian proprietary investment firm operating LATC Marine (offshore support vessels for oil and gas), Dobi AgriCo (200-hectare farm, greenhouses, solar-powered cold-chain produce), and BrandCo (adidas, Skechers, Reebok, Havaianas franchises across 13 African stores), serving oil majors, supermarkets, and West African consumers.
- Company typePrivate
- Founded2004
- HeadquartersLagos, Nigeria
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
What LATC LTD does
LATC LTD (legal name L.A.T. Cleveson) is a Nigerian-domiciled proprietary investment firm founded in 2004 that operates a portfolio of three wholly-owned operating subsidiaries plus a vessel-management affiliate, collectively employing approximately 400 staff in Nigeria. Its marine logistics arm, LATC Marine, runs a modern Damen-built fleet of Platform Supply Vessels and Fast Supplier Vessels serving Nigeria's offshore oil and gas operators, and was the first to deploy Ampelmann motion-compensated gangways (L-type and A-type) in Nigeria, enabling safe offshore personnel transfers; LATC Marine counts Mobil Production Nigeria among its anchor charter clients and has executed over 10,000 safe personnel transfers. Its agricultural subsidiary, Dobi AgriCo, operates a 200-hectare farm with 4 hectares of commercial greenhouses, cold-chain logistics built in partnership with GAIN, and a 95KW solar power plant (170 panels with energy storage) commissioned in July 2023 that produces approximately 160 MWh annually; Dobi AgriCo sells fresh produce (tomatoes, cucumbers, bell peppers, butternut squash) to large retail supermarkets (Shoprite, SPAR Nigeria, Prince Ebeano, Justrite, Grand Square), hotels and food-service firms, and aggregates commodities via its Dobi Fresh division. Its retail subsidiary, BrandCo, holds franchise rights for adidas, Skechers, Reebok, and Havaianas in Nigeria and operates 13 stores across Africa including the adidas flagship in Lagos (Victoria Island). A fourth entity, Hartman Offshore Nigeria Limited (HON), established in 2016, provides operations and technical management services for OSVs, barges, tugs, and tankers.
LATC LTD firmographics
Firmographics- Name
- LATC LTD
- Legal name
- L.A.T. Cleveson
- Website
- https://latcgroup.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Short description
- LATC LTD is a Nigerian proprietary investment firm operating LATC Marine (offshore support vessels for oil and gas), Dobi AgriCo (200-hectare farm, greenhouses, solar-powered cold-chain produce), and BrandCo (adidas, Skechers, Reebok, Havaianas franchises across 13 African stores), serving oil majors, supermarkets, and West African consumers.
- Ownership category
- akta.pro rank
LATC LTD industry classification
Industry- Product category
- Diversified Proprietary Investment Holdings (Marine Logistics, Commercial Agriculture, Fashion Retail)
- NAICS
- Fresh Fruit and Vegetable Merchant Wholesalers (424480)
- SIC
- Wholesale-Groceries, General Line (5141)
- akta.pro primary industry
- Foodservice / HORECA Produce Wholesale (AFAIACAI)
Keywords
Where LATC LTD is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices4 records
Markets served
LATC LTD business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Marine Vessel Chartering: LATC Marine provides offshore support services to Nigeria's Oil and Gas industry through chartering of platform supply vessels and fast supplier vessels. Revenue is generated through long-term charter contracts with major oil companies operating in the Gulf of Guinea.
- Agricultural Produce Sales: Dobi AgriCo grows and sells fresh produce (tomatoes, cucumbers, bell peppers, butternut squash) to large-scale retail supermarkets, hotels, food service firms, and food processing companies. Also includes commodity aggregation through Dobi Fresh division.
- Retail Franchise Operations: BrandCo operates retail franchise locations selling international fashion brands (adidas, Skechers, Reebok, Havaianas) through company-owned and potentially franchised retail stores across Africa.
- Marine Crew and Personnel Services: Recruitment and in-house training of crew, fleet management, and personnel transfer services for offshore operations.
- Offshore Access Solutions: Motion-compensated gangway services enabling safe and efficient offshore personnel and equipment transfers.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
LATC LTD product offering
Product offeringCore offering
LATC is a privately-held proprietary investment firm that builds and operates wholly-owned businesses across three sectors: (1) LATC Marine charters modern Damen offshore support vessels (PSVs and FSIVs) and provides Ampelmann motion-compensated gangway services to oil and gas operators in Nigeria and the Gulf of Guinea; (2) Dobi AgriCo produces and distributes fresh vegetables (tomatoes, cucumbers, bell peppers, butternut squash) via a 200-hectare farm, 4 hectares of greenhouses, cold-chain logistics and a 95KW solar power plant to supermarkets, hotels and food service firms; (3) BrandCo operates retail franchise stores selling international fashion brands (adidas, Skechers, Reebok, Havaianas) across Africa.
Product overview
LATC LTD is a proprietary investment firm operating a portfolio of three distinct subsidiaries: LATC Marine (marine logistics and offshore support services to Nigeria's oil and gas industry), BrandCo (fashion retail franchise under the bCODE concept), and Dobi AgriCo (agricultural production and commodity aggregation). LATC Marine operates a fleet of vessels including PSV 3300 Platform Supply Vessels and FCS 5009 Fast Supplier Vessels from Damen Shipyards, providing crew transport, fleet management, vessel chartering, and offshore access solutions. BrandCo retails Skechers, Reebok, adidas, and Havaianas brands through 13 stores across Africa. Dobi AgriCo manages a 200-hectare farm producing vegetables and operates Dobi Fresh for commodity aggregation, with sustainability supported by a 95KW solar power plant.
Differentiator
Problem solved
Functional benefit
Brands
- LATC Marine: Marine logistics and offshore support services subsidiary serving Nigeria's Oil and Gas industry
- BrandCo
- Dobi AgriCo
- Dobi Fresh
- Hartman Offshore Nigeria
Products and services
- LATC Marine - Offshore Support Vessel Chartering and Marine Logistics Services Marine logistics and offshore support services for Nigeria's oil and gas industry, including chartering of a modern fleet of Damen PSV 3300 Platform Supply Vessels and FCS 5009 Fast Supplier Vessels, Ampelmann motion-compensated gangway services, crew transport, fleet management, and construction/maintenance support logistics. Customers are major oil companies operating in the Gulf of Guinea.
- Ampelmann Motion-Compensated Gangway Personnel Transfer Services Safe, motion-compensated offshore personnel and equipment transfer services using Ampelmann L-type and A-type gangways — the first deployment of this technology in Nigeria. Provided to oil and gas operators (including Mobil Production Nigeria, with 10,000+ safe personnel transfers delivered).
- Dobi AgriCo - Fresh Produce Supply (Vegetables) Commercial production and direct B2B supply of fresh vegetables — tomatoes, cucumbers, bell peppers, and butternut squash — grown across a 200-hectare farm and 4 hectares of commercial greenhouses in Gwagwalada, Abuja, supplied to large supermarkets (Prince Ebeano, Shoprite, Justrite, SPAR Nigeria, Grand Square), hotels, food service firms, and food processors.
- Dobi Fresh - Commodity Aggregation and Distribution Commodity aggregation and trading division of Dobi AgriCo, focused on aggregation, trading and distribution of fresh farm produce (including aggregation from approximately 100 smallholder farm partnerships) supported by cold-chain storage and logistics vehicles in partnership with GAIN.
- Dobi AgriCo 95KW Solar Power Plant (Clean Energy Generation) On-site clean energy generation asset at Dobi AgriCo's Abuja farm: a 95KW solar power plant with 170 panels, inverter, and ESS that produces approximately 160 MWh of clean energy annually and reduces around 24 metric tons of CO2 emissions per year, supporting sustainable agricultural operations.
- BrandCo Retail Franchise Stores (adidas, Skechers, Reebok, Havaianas) Retail sale of international fashion brands (adidas, Skechers, Reebok, and Havaianas) to consumers across Africa through a network of 13 stores operating under the bCODE retail concept, including the adidas flagship store in Lagos. Targets fashion-conscious urban African consumers.
- adidas Flagship Store Lagos Flagship adidas retail store in Lagos (Victoria Island) operated by BrandCo, offering the full adidas brand experience including exclusive collaborations with Nigerian talent.
- Hartman Offshore Nigeria Limited (HON) - Vessel Operations and Technical Management Operations and technical management services for a full spectrum of vessels including OSVs, barges, tugs, and tankers, provided to LATC Marine and external clients.
Quantifiable outcome
- 10,000+ safe personnel transfers completed for Mobil Production Nigeria
- +5 more outcomes
Companies that use LATC LTD
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
LATC LTD technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
LATC LTD partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered key, core and supporting.
- CeesolarkeyRenewable energy consultant and provider for the 95KW solar power plant installation at Dobi Farms, Abuja. Partnered with Ashipa Electric for expertise in solar power systems.
- Ashipa ElectrickeySolar power system provider for the 95KW solar power plant at Dobi Farms, ensuring smooth installation and optimal performance.
- Damen Shipyards GroupcoreLATC Marine signed an order with Damen Shipyards Group for two PSV 3300 Platform Supply Vessels and two FCS 5009 Fast Supplier Vessels. This landmark transaction brought next generation Damen PSVs to Nigeria and Gulf of Guinea for the first time. Damen provides ongoing service support through hubs in Port Harcourt and Lagos.
- AmpelmanncorePartnership with Ampelmann to take delivery of motion-compensated gangways, including first L-type gangway in Nigeria. Consolidated with additional L-type and A-type gangways. Ampelmann provides technology enabling safe offshore personnel transfers.
- GAIN (Global Alliance for Improved Nutrition)keyPartnership with GAIN to acquire cold room storage and logistic vehicles to preserve produce quality from farm to market.
- RS Platou Africa (RSP)supportingGlobal organization providing advisory services for the vessel acquisition agreement between LATC and Damen, with in-depth knowledge of the maritime industry and region.
Scale indicators15 records
Recent moves9 records
Expansion highlights5 records
LATC LTD competitors and assessment
Company assessmentDirect peers
- Dangote Group: Africa's largest privately-held conglomerate with diversified operations including sugar refining, flour, salt, and Dangote Fertilizer — directly comparable to LATC's diversified, capital-intensive, multi-sector investment approach in Nigeria.
- Coscharis Group: Nigerian diversified group spanning automotive (Ford, BMW distribution), agriculture, marine logistics, and manufacturing. Strong peer on the marine and agriculture axes of LATC's portfolio.
- Heirs Holdings: African proprietary investment company with strategic interests in oil and gas, power, financial services, and real estate. Comparable as an Africa-focused, privately-held investment firm pursuing multi-sector capital deployments.
- BUA Group: Nigerian diversified conglomerate with operations across cement, sugar, flour, real estate, and infrastructure. Comparable as a privately-held, founder-led Nigerian investment holding company with capital-intensive operating businesses.
- Honeywell Group: Nigerian proprietary investment holding company with subsidiaries in food (Honeywell Flour Mills), real estate, energy, and services. Direct comparable as a Nigerian privately-held investment firm with multi-sector operating subsidiaries.
Regional players
- Premier Feed Mills / Olam Agri (Nigeria): Major agricultural commodities and food processing operator with significant Nigerian presence. Comparable to Dobi AgriCo on the food/agriculture axis, particularly around commodity aggregation and HORECA supply chains.
- Edgars / Sportscene (Tengyued Group): African fashion and lifestyle retailer operating apparel brands across the continent. Comparable to BrandCo as a multi-brand fashion retail operator serving African consumers with international brand franchises.
Broad incumbents
- Bourbon Corporation: International offshore support vessel operator with significant West African exposure. Comparable as a broad incumbent in marine logistics serving oil and gas operators in the same Gulf of Guinea geography as LATC Marine.
- Tidewater Inc. Global offshore support vessel operator with a large global fleet. Comparable as a publicly-listed, established OSV incumbent in the same marine chartering business that LATC Marine pursues in Nigeria and the Gulf of Guinea.
- Seacor Marine Holdings: Offshore support vessel company operating PSVs and fast supply vessels globally. Closely comparable to LATC Marine's PSV 3300 and FCS 5009 fleet configuration serving oil and gas operators.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
LATC LTD social profiles
Digital presenceLATC LTD financial estimates
Financial estimateRevenue estimate
Valuation estimate
LATC LTD leadership team
Management profileNumber of profiles
Profiles5 records
LATC LTD subsidiaries and ownership
Company hierarchySubsidiaries4 records
LATC LTD funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LATC LTD M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LATC LTD
What does LATC LTD do?
LATC is a privately-held proprietary investment firm that builds and operates wholly-owned businesses across three sectors: (1) LATC Marine charters modern Damen offshore support vessels (PSVs and FSIVs) and provides Ampelmann motion-compensated gangway services to oil and gas operators in Nigeria and the Gulf of Guinea; (2) Dobi AgriCo produces and distributes fresh vegetables (tomatoes, cucumbers, bell peppers, butternut squash) via a 200-hectare farm, 4 hectares of greenhouses, cold-chain logistics and a 95KW solar power plant to supermarkets, hotels and food service firms; (3) BrandCo operates retail franchise stores selling international fashion brands (adidas, Skechers, Reebok, Havaianas) across Africa.
Is LATC LTD a public or private company?
LATC LTD is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was LATC LTD founded?
LATC LTD was founded in 2004.
Where is LATC LTD based?
LATC LTD is headquartered in Lagos, Nigeria, in the Africa region.
How does LATC LTD make money?
Five revenue lines are on record. Marine Vessel Chartering is the primary driver. The others are agricultural Produce Sales, retail Franchise Operations, marine Crew and Personnel Services and offshore Access Solutions.
Who are LATC LTD's main competitors?
Direct peers on record are Dangote Group, Coscharis Group, Heirs Holdings, BUA Group and Honeywell Group. Regional players are Premier Feed Mills / Olam Agri (Nigeria) and Edgars / Sportscene (Tengyued Group). Broad incumbents are Bourbon Corporation, Tidewater Inc. and Seacor Marine Holdings.
Does LATC LTD have an API?
No public API is recorded for LATC LTD.
What industry is LATC LTD in?
LATC LTD's product category is Diversified Proprietary Investment Holdings (Marine Logistics, Commercial Agriculture, Fashion Retail). Its primary akta.pro industry code is AFAIACAI, Foodservice / HORECA Produce Wholesale. Its NAICS code is 424480 and its SIC code is 5141.