NBGI Private Equity acquired a majority stake in the buyout of Aberdeen-based ATR Group
NBGI Private Equity backed the management team led by Chief Executive Keith Moorhouse in the buyout of ATR Group Ltd (“ATR”), the leading Aberdeen-based oil & gas rental services business. An equity and debt financing package of over £20m was put in place, with significant capital allocated to fund the growth strategy of the business.
A market leader in the rental of specialised tools and
equipment principally for the offshore oil & gas industry, ATR also
provides a comprehensive range of added value support services including
outsourced fleet management, health and safety compliance, and inspection and
certification of equipment. ATR Group has a long-standing, loyal
blue-chip customer base and a track record of successfully winning contracts
with new clients active in the offshore, renewables, subsea and marine sectors.
The market for ATR’s services is growing strongly, driven not only by growth in global demand for energy, but also by an increasing health and safety burden in the offshore oil & gas sector and ageing infrastructure, which requires high levels of ongoing maintenance.
ATR's existing subsea offering has since been strengthened through the acquisition of Underwater Engineering Services ("UES") which specialises in the rental and supply of subsea equipment such as ROV and diver operated tooling, deck cranes, winches, power packs and spooling equipment.
Lawrence Dean manages the investment for NBGI, and sits on the board of ATR.
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