Global Energy Group (GEG), announced further expansion yesterday after striking a deal with a Highland firm.
The oil and gas contracting and service company run by north businessman Roy MacGregor said its Global Construction business had secured a merger with Muir of Ord-based Mansefield Construction.
According to GEG, which has its main offices in Aberdeen and Inverness, the deal further strengthens Global Construction’s position in the utility, energy, infrastructure and property service sectors.
Mansefield – which employs about 50 people at operations in Muir of Ord and Fort William subsidiary Camken Contractors – was one of three associate companies of Ross-shire Engineering
A spokesman for GEG said there would be no negative impact on jobs at Mansefield or Camken as a result of the deal. He added that no money had changed hands between the two firms but there had been an amalgamation of shares.
Mansefield was owned by its management – headed by Iain Henderson – and Ross-shire Engineering.
GEG, which acquired a 30% stake in Muir of Ord-based Ross-shire last year, said the merger would see Mansefield operate under the Global Construction brand and the group’s workforce grow to about 160.
Mr MacGregor said: “We are delighted to welcome the management and workforce of Mansfield Construction to the group.
“The combined strengths and capabilities of the companies significantly increases Global Construction’s capacity to serve a range of key market sectors, providing real potential to continue to grow this business.”
GEG added it was working closely with Mansefield’s customers, partners and employees to make the transition as smooth as possible.
Mansefield’s employees will move from their offices at Muir of Ord to Global Construction’s headquarters at nearby Tomich Industrial Estate.
Global Construction – previously Taylor Construction (Northern) and Black Isle Civil Engineering – provides building and infrastructure services for housing associations, renewable-energy firms, utilities, waterways and both local and regional authorities.
GEG operates in locations throughout Europe, the Americas, Africa and Asia, and has a workforce of more than 2,500. Since its foundation in 2005, its annual turnover has soared to more than £130million from £28million.
It recently stepped in to save about 400 Scottish jobs by acquiring the fabrication division of Sovereign Oilfield Group out of administration.
Last year, the group also acquired a majority shareholding in Aberdeen firm Rigfit Offshore.