Independent investment company Equistone Partners Europe has sold Aberdeen-based PD&MS Energy in a secondary buyout to a mid-market private investor Inflexion.
The engineering, procurement and construction (EPC) services firm has achieved nearly a triple return on total investment after its original buyout in 2010, Equistone said in a statement.
“Our business is rapidly becoming known for delivering a consistent and robust range of technical services and solutions tailored to our customers’ needs,” said Simon Rio, chief executive of PD&MS Energy.
“Equistone has supported us through two rounds of investment, enabling us to strengthen our services and drive growth in both the North Sea and more recently internationally.
“This has created an excellent platform to build the business further and we look forward to the next stage of growth.”
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