(Source: Acteon Group)
Private equity investors One Equity Partners and Buckthorn Partners acquired offshore energy infrastructure player Acteon Group Ltd., the companies announced March 27.
U.K.-based Acteon Group provides specialist engineering, technology applications and other services to customers in offshore oil, gas and renewables. The firm was founded in 1989 and employs 2,300 staff from 58 locations around the globe, according to a news release.
Buckthorn Partners and One Equity Partners (OEP) “are making a substantial investment” to enable Acteon to compete more strongly in its core markets, the companies said. Financial terms of the acquisition were not disclosed.
Buckthorn and OEP will focus on building out Acteon’s capabilities in survey, foundations, moorings, decommissioning and consulting engineering services.
In conjunction with the acquisition, Brice Bouffard was appointed as CEO of Acteon.
OEP is leading the transaction, in which Buckthorn is partnering as a co-investor, according to an OEP press release.
“We are pleased to have One Equity Partners as our investment partner to help us capture the significant opportunity to grow in our target markets,” Bouffard said in OEP’s release. “OEP’s deep industrial expertise will be invaluable to us as we engage in initiatives that will increase operational efficiencies, develop more advanced services for our customers, and make us a stronger competitor in our core products and service areas.”
Recommended Reading
Oxy CEO: US Oil Production Likely to Peak Within Five Years
2025-03-11 - U.S. oil production will likely peak within the next five years or so, Oxy’s CEO Vicki Hollub said. But secondary and tertiary recovery methods, such as CO2 floods, could sustain U.S. output.
Expand Lands 5.6-Miler in Appalachia in Five Days With One Bit Run
2025-03-11 - Expand Energy reported its Shannon Fields OHI #3H in northern West Virginia was drilled with just one bit run in some 30,000 ft.
Trump Says He Will Double Tariffs on Canadian Metals to 50%
2025-03-11 - President Trump said he would double his tariffs on Canadian steel and aluminum products in response to Ontario placing a 25% tariff on electricity supplied to the U.S.
E&P Highlights: March 10, 2025
2025-03-10 - Here’s a roundup of the latest E&P headlines, from a new discovery by Equinor to several new technology announcements.
Diversified, Partners to Supply Electricity to Data Centers
2025-03-10 - Diversified Energy Co., FuelCell Energy Inc. and TESIAC will create an acquisition and development company focused on delivering reliable, cost efficient net-zero power from natural gas and captured coal mine methane.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.