Nesma & Partners Acquires Global Engineering Firm Kent from Bluewater
March 6, 2024
Saudi Arabian contractor Nesma & Partners has agreed to acquire Kent, a Dubai-headquartered global energy engineering and project-management firm, from climate-focused PE firm Bluewater. The deal (terms undisclosed) completes Bluewater's multi-year value-creation plan that grew Kent to about $1.4bn in revenue and positions Nesma to expand its engineering capabilities and international footprint in conventional and low-carbon energy markets.
- Buyers
- Nesma & Partners Contracting Company Ltd.
- Targets
- Kent
- Sellers
- Bluewater
- Industry
- Energy
- Location
- Dubai, United Arab Emirates
- Transaction Type
- Buyout
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