Nesma & Partners Acquires Global Engineering Firm Kent from Bluewater

Kent (Kentech) Acquires Majority of SNC‑Lavalin Resources Oil & Gas Division

July 30, 2021

Oil & Gas

Dubai‑headquartered Kent (formerly Kentech), backed by majority shareholder Bluewater, has completed the acquisition of a majority stake in SNC‑Lavalin’s Resources Oil & Gas division. The deal creates a combined business of roughly 10,000 professionals, strengthens Kent’s engineering and project‑delivery capabilities across the oil & gas value chain, and advances its energy‑transition strategy while expanding geographic reach.

Bain Capital Real Estate and BlueWater Marinas Acquire Kent Narrows Boatel

October 3, 2025

Real Estate

Bain Capital Real Estate, working with marina operator BlueWater Marinas, has acquired Kent Narrows Boatel (KNB), a Class-A heated drystack marina on Kent Island, Maryland. The property — which offers 375 slips and over 12,000 square feet of commercial space — will become the fourth marina in the Bain/BlueWater portfolio and will be operated to enhance customer experience and regional market presence.

Kemira Acquires AquaBlue, Inc.

January 13, 2026

Environmental Services

Kemira has acquired AquaBlue, Inc., an Ohio-based provider of industrial water and wastewater treatment services, in a deal valued at under USD 10 million. The acquisition will integrate AquaBlue into Kemira's Water Solutions business to strengthen Kemira's service-led industrial water treatment capabilities in North America and expand its offerings to food & beverage, manufacturing and healthcare customers.

BlueWater Marinas and Bain Capital Real Estate Acquire Bayside Marine

February 16, 2026

Real Estate

BlueWater Marinas, backed by Bain Capital Real Estate, has acquired Bayside Marine, a full-service marina in Duxbury, Massachusetts. The Kent family will remain in place to oversee day-to-day operations as the acquisition expands BlueWater/Bain's portfolio of East Coast marina properties.

Ara Partners and Aksiom Back Management in px Group Buyout from Bluewater

April 29, 2021

Energy

Ara Partners, together with Aksiom Group and px Group management led by CEO Geoff Holmes, has acquired px Group from Bluewater Private Equity. The deal will position px Group to accelerate its role in UK and European energy-transition projects, expand integrated energy services and grow its industrial infrastructure operations including ownership of Saltend Chemicals Park.

Bluewater Sells Apex International Energy to United Energy (MENA) / United Energy Group

February 10, 2025

Oil & Gas

Bluewater has signed an agreement to sell Houston-headquartered Apex International Energy to United Energy (MENA) Limited, a subsidiary of Hong Kong-listed United Energy Group Limited, subject to governmental approvals. Under Bluewater's six-year ownership Apex grew into a top-ten producer in Egypt (averaging >11,000 boe/d in 2024); the transaction represents a PE exit and expands United Energy Group's upstream asset base in Egypt and the wider MENA region.