Altrad Group Acquires Sparrows Offshore Group from AEA Investors

SPIE Acquires 85% Stake in Correll Group

December 7, 2023

Energy

French multi-technical services group SPIE will acquire 85% of Correll Group, a UK-based specialist in electrical engineering, installation and maintenance for the offshore wind sector. The deal expands SPIE Oil & Gas Services' footprint in offshore wind (it will be renamed SPIE Global Services Energy) and is expected to close in January 2024; Correll will retain 15% with management and contributes ~€55m revenue and c.109 employees plus 500+ contractors (2023).

Ridgemont Equity Partners Acquires Sparus Holdings

August 3, 2021

Infrastructure

Ridgemont Equity Partners completed an acquisition of Sparus Holdings, a provider of outsourced field and professional services for utility and industrial customers, in March 2021. Ridgemont's investment will support the build-out of a scaled, end-to-end utility services platform and Sparus has since acquired OneVision Utility Services to expand its utility locate and damage prevention capabilities.

Asterion, EDF Invest and Swiss Life Asset Managers Acquire Energy Assets Group

June 25, 2020

Energy

A consortium of Asterion Industrial Partners, EDF Invest and Swiss Life Asset Managers has completed the acquisition of Energy Assets Group (EAG) from Alinda Capital Partners and Hermes Infrastructure. Headquartered in Livingston, Scotland, EAG is a leading provider of multi-utility metering services, meter asset management and last-mile utility connections in the UK; the investors plan to support its continued growth and expansion into adjacent sectors such as IGT/IDNO, fibre and EV charging infrastructure.

Tidewater Inc. Acquires Swire Pacific Offshore Holdings Limited

April 22, 2022

Energy

Tidewater Inc. (NYSE: TDW) completed the acquisition of Swire Pacific Offshore Holdings Limited (SPO) from Swire Pacific Limited on April 22, 2022. The deal adds roughly 50 vessels to Tidewater’s fleet and creates the world’s largest offshore support vessel (OSV) operator, strengthening Tidewater’s scale and capabilities in serving offshore energy markets.

AEA Investors (Small Business Fund) Acquires Allied Power Group

June 17, 2019

Industrial Services

AEA Investors’ Small Business Fund (AEA SBF) has closed the acquisition of Allied Power Group, a Houston-based independent provider of aftermarket maintenance and repair solutions for heavy-frame industrial gas turbines serving the electric utility industry. AEA expects to support APG's growth initiatives, broaden its served turbine technologies and fuel types, and expand its customer base and service offerings.

Sparus Holdings Acquires Allegiant Utility Services and TruCheck, Inc.

February 7, 2023

Industrial Services

Sparus Holdings, a portfolio company of Ridgemont Equity Partners, has acquired Allegiant Utility Services and TruCheck, Inc. The acquisitions expand Sparus' meter and smart-grid field services capabilities — including installation, network deployment, meter renewal, testing and inspection — to support utility customers; terms were not disclosed.