View oil production, wells drilled, and more for wells and leases operated by lime rock resources iia, l. Carlyle group invested in enermech group from lime rock partners. The transaction is expected to close in q4 2018, subject to customary antitrust and regulatory approvals. Enermech acquired by the carlyle group investment will. About lime rock partners lime rock partners is a creative private equity investment partner in building exceptional oil and gas businesses, side by side, with entrepreneurs every day. Dec 26, 2017 engineering services group enermech has taken a majority stake in aberdeenbased maintenance, inspection and integrity specialist minteg ltd. Enermech ltd company profile and news bloomberg markets. This is lime rock partners 18th transaction in the energy services and equipment sector.
Acquisition will support continued global growth of energy services company. It was established in 2006 by the brunei investment. Doug duguid returns as enermech ceo news for the oil and. Carlyle group buys enermech oct 16 2018 aberdeenheadquartered enermech, a services company focused on the energy and infrastructure sectors, has been acquired from lime rock partners by global alternative asset manager the carlyle group for an undisclosed sum. Enermech acquisition of eps group opens up new markets in.
The company offers integrity management, mechanical handling, lifting, maintenance, and repair operations. Formed in 2005, lime rock resources acquires, operates, and improves lowerrisk oil and gas properties in the united states. Through three private lime rock resources funds and lrr energy, lime rock resources acquires, operates, and improves producing u. Learn more about our energy management services and all the areas we service. Enermech s success has been built on a firm financial footing, with continued investment from directorsshareholders, our longterm private equity investor lime rock partners, and leading banks. Enermech broadens range of engineering services through. Australian deal paves way to new markets for enermech. Enermech described it as a security incident and confirmed that other locations across the business had been targeted alongside aberdeen.
Aberdeen oil services firm sold in blockbuster deal. The private equity firm acquired a ukbased mechanical and electrical services specialist working on large scale energy projects. The lime rock partners team prides itself on its specialist finance and operating expertise, global presence, technology leadership, peoplecentered strategies, and patient hard work to help our investors and portfolio company partners profit from operational growth. Cg today announces that it has agreed to acquire enermech group ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from lime rock partners. Backed by private equity investor lime rock partners, enermechs broad suite of mechanical, electrical and instrumentation services allows it. Lime rock partners invests in a broad array of differentiated and growing upstream oil and gas companies. Dealmaking frenzy in the permian basin expected to spread. Reynolds leads the lime rock partners teams efforts in the global oilfield service sector. Carlyle has agreed to buy enermech from the lime rock partners investment business in a move which signals confidence in the prospects for oil and gas markets. Vista equity partners on its acquisition of allocate software, a ukbased international leader in workforce.
Every day we provide critical support to our customers assets, wherever they are in the world. Enermech group ltd has been acquired from lime rock partners by global alternative asset manager and nasdaqlisted the carlyle group for an undisclosed sum. The aberdeenheadquartered offshore services firm is expected to be sold. Lime rock partners invested in enermech on its founding in 2008 and helped transform the business from a small startup equipment rental business into a. Apr 15, 2010 enermechs five directorowners are backed by private equity firm lime rock partners and together have in place a. Carlyle group bought enermech from lime rock partners in a reported. Group bought enermech from lime rock partners in a. Lime rock partners growth capital for the energy industry. We listen to our employees aspirations and work with them to assist in their career progression and development. The carlyle group acquires enermech from lime rock partners.
The funding arrangement follows an increased investment earlier this year by private equity specialist lime rock partners which supported the acquisitions of vicon services in australia and uk. Enermech are global providers of critical asset support. Trevor burgess, managing director at lime rock partners and a board member of ardyne said. Enermech provides mechanical engineering services to the energy services sector. Aberdeens enermech changes hands in bumper deal the. Learn about current and exited portfolio companies. Last year, the company was acquired from lime rock partners. Lime energy offers energy consulting services to new york, new jersey and pennsylvania to name a few. The company invests in oil and gas, energy service, and technology sectors. Historic festival 38 participant info lime rock park lakeville, connecticut labor day weekend sep 37, 2020. Enermech group ltd has been acquired from lime rock partners by global alternative asset manager and nasdaq listed the carlyle group.
Lime rock partners, llc operates as a private equity firm. Ipaa private capital conference service and midstream. He previously served on the board of directors of archer, eastern drilling, enermech. Global alternative asset manager the carlyle group has agreed to acquire enermech group, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from lime rock partners. Our expert minds come together to find innovative technical and commercial solutions across the full asset lifecycle from start and middle to end and we have more than 3000 people located globally with the right capabilities and vision to serve the needs of the ever changing energy. The company, which specialises in mechanical and electrical services, recently made it into a. Enermech group has revealed that the firm has been acquired from lime rock partners by private equity firm carlyle group. Mr duguid was one of four shareholders who, alongside private equity firm lime rock partners, set up the business in 2008. Enermech employs 3,500 people across 40 locations worldwide. Whether you currently work offshore, onshore, abroad, or are just starting out in the industry, we have opportunities to suit you and the resources to help you.
He currently serves on the board of directors of blackjewel. The private equity firm acquired a ukbased mechanical and electrical. Enermech to gain new ceo with new year press and journal. Mar, 2017 id like to receive the forbes daily dozen newsletter to get the top 12 headlines every morning.
Enermech employs 3,500 staff across 40 locations in the uk, norway, the middle east, caspian, asia, africa, australia and americas. Acquisition will support continued global growth of energy and infrastructure services company enermech group ltd has been acquired from lime rock partners by global alternative asset manager and nasdaq listed the carlyle group for an undisclosed sum. On november 25, 2008, private equity firm lime rock partners acquired energy services and equipment company enermech ltd. Enermech job opportunities, cranes, hydraulics, valves. The carlyle group acquires enermech from lime rock. Click here to view the latest information from lime rock park regarding the coronavirus download pdf april 2020 may 2020 june 2020 july 2020 august 2020 september 2020 october 2020 november 2020 december 2020 january 2021 february 2021 march 2021. Doug duguid has stepped back in as chief executive of enermech as family matters have lead to john guys exit. Find 20 listings related to limerock resources in edmond on.
Hydro testing services in mumbai, andheri east, by. Carlyle international energy partners on its acquisition of enermech group, a leading global provider of full life cycle asset integrity management solutions for energy, industrial and infrastructure applications, from lime rock. Enermech acquired by the carlyle group investment will support. Lime rock partners is a private investment firm focused on growth capital investments in the energy industry. Carlyle is a nasdaq listed company in global alternative asset management previously associated with crane and equipment rental companies, including hoist manufacturer kito corp and with coates hire in. Enermech hit with cyber attack across global business. Founded in 2008, enermech is focused on cranes, hydraulics, pumps, and valve services for offshore oil and gas platforms, rigs, and other vessels worldwide.
Lime rock partners has sold specialist lifting and engineering services company enermech group ltd to the carlyle group for an undisclosed sum. Carlyle finalises enermech acquisition, oil veteran hired. Lime rock partners exited its investment in enermech in december 2018. Founded by the former management team of psl energy services, enermech is seeking to provide highquality equipment rental, specialist personnel, specialist training, and engineering services to offshore oil and gas producers, particularly in the eastern hemisphere. Enermech makes european expansion top priority rigzone. Minteg provides a range of specialist maintenance, integrity and inspection services to the oil and gas, renewables, utilities and other major process industries, and offers full irata certified rope access capability. Enermech provides a variety of maintenance, modification and operating services to the broader energy and infrastructure industry. Vetpartners no 250, which increased its workforce by 320% to. Topsides uk 2017 enermech presentation final spe aberdeen.
Enermech have global opportunities for both onshore and offshore careers. Dec 14, 2012 enermech has recently secured a further. The aberdeenheadquartered mechanical and electrical services specialist has been acquired from lime rock partners by the carlyle group. Established 2008, managed by an experienced team and backed by lime rock partners, enermech provides mechanical solutions to the energy industries internationally a heritage of more than 40 years through key acquisitions focused on providing a more competitive, responsive and better value service. Enermech group ltd has been acquired from lime rock partners by global alternative asset manager and nasdaq listed the carlyle group for an undisclosed sum.
Enermech is owned by lime rock partners, another buyout firm, which invested in it a decade ago. While the value of the deal was not disclosed, enermech did reveal that additional funding was provided by banking partners, bank of scotland, hsbc, dnb, and longstanding equity partner lime rock. In her role at simmons, ingrid advised enermech on several strategic acquisitions, its investment by lime rock partners and the securing of debt finance, and has advised the company since its establishment in mid2008. Aberdeenheadquartered enermech, a services company focused on the energy and infrastructure sectors, has been acquired from lime rock partners by. Enermechs success has been built on a firm financial footing, with continued investment from directorsshareholders, our longterm private equity investor lime rock partners, and leading banks. Lime rock partners is a creative private equity investment partner in building differentiated oil and gas businesses, side by side, with entrepreneurs every day. London, uk, 15 october 2018 global alternative asset manager the carlyle group nasdaq. As times have got tough, top firms have grown tougher. The value of enermechs largest deal to date was not disclosed but additional funding has been provided by aberdeenbased enermechs three banking partners, bank of scotland, hsbc and dnb, alongside longstanding equity partners lime rock partners, in order to support the deal. Enermech director, rubicon oilfield services international. The carlyle group has agreed to buy british mechanical and electrical services provider enermech group from lime rock partners in a. Enermech appoints new chief executive news for the oil. Enermech is an international services company providing critical asset support to the energy and infrastructure sectors.
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