Offshore energy infrastructure services company Acteon Group has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP), with a new Chief Executive Officer (CEO) taking the helm.
According to Acteon, Buckthorn and OEP are making a substantial investment in the business to improve its standing with suppliers and customers and enable it to compete even more strongly in its core markets.
The investors’ focus will be on developing Acteon’s capabilities across survey, foundations, moorings, decommissioning and consulting engineering services that support and differentiate the business in the offshore renewable and offshore oil & gas markets.
Furthermore, Brice Bouffard has been appointed as company CEO.
“Acteon’s products and services are key to the energy transition in constructing, maintaining and supporting offshore energy infrastructure,” said Rob Willings , Partner at Buckthorn.
“We are very pleased to acquire Acteon and its market-leading capability in managing offshore renewable, and offshore oil and gas infrastructure. Our ownership will bring stability to the business, and investment and expertise to grow and develop the company.”
Acteon was established in 1989 and employs 2,300 staff operating from 58 locations across 14 countries.