Boskalis, a prominent multinational in the offshore industry, has historically focused on traditional energy and offshore oil and gas ventures. However, Boskalis Marine Services is undergoing a transformative shift towards handling projects of greater complexity, thereby delivering significantly higher value to its clientele. With an ambitious vision to embrace renewable energy, Boskalis aims to spearhead initiatives such as large floating wind turbines, poised to generate substantial green energy in oceanic environments. Venturing into this new domain involves navigating unfamiliar territory, from innovative techniques to novel market dynamics and customer segments.
Recognizing the need for strategic clarity and ongoing performance monitoring, Boskalis Marine Services sought assistance from Bolster to delineate its path to becoming a global leader in floating wind projects, accompanied by ambitious revenue targets. Bolster played a pivotal role in guiding the management team through the process of refining their leadership skills, optimizing team dynamics, and restructuring the organizational framework. The management team was consistently challenged to define strategic priorities, take decisive actions, and foster collaboration among team members to drive optimal outcomes.
In addition to supporting the management team, Bolster facilitated individualized coaching sessions for directors and managers within the team, leveraging their extensive industry experience while honing their leadership capabilities. This approach emphasized a blend of strategic execution, effective leadership, and cohesive teamwork, resulting in tangible and swift progress.
As part of Boskalis’ renewal and innovation journey, significant efforts were made to upgrade the fleet, divesting from outdated vessels while acquiring more sophisticated ships. Concurrently, investments were made in upskilling employees to meet the demands of offshore floating wind projects. Bolster’s involvement ensured a seamless alignment between strategic objectives, organizational capabilities, and talent development initiatives.
This resulted in double digit turnover growth and a triple digit EBITDA increase.
At Bolster, we recognize the value of pragmatic action, coupled with a human-centric approach to collaboration. By fostering a culture of accountability, teamwork, and proactive problem-solving, we enable organizations like Boskalis Marine Services to realize their growth potential and drive meaningful impact in their respective industries.
With Bolster as a strategic partner, Boskalis Marine Services is poised for accelerated growth and success.
