Coates Offshore Acquired by SCF Partners
SCF is pleased to announce that, in partnership with management, it has acquired Coates Offshore, a division of Coates Group Holdings Pty of Australia.
Coates Offshore, headquartered in Aberdeen, specialises in the rental of equipment including Zone II diesel air compressors, steam generators, heat exchangers and sand filters to the global offshore oil, gas and renewable energy industries.
Andy Waite, Managing Director at SCF, commented, “SCF is excited to acquire Coates Offshore and to have the opportunity to work with the company’s talented management team and employees. We believe this will be an excellent platform for both organic and acquisition based growth opportunities. We also believe there may be excellent synergies to be realized with other companies in the SCF portfolio.”
Kieran White, Executive Director at Coates Offshore, said: “This is a fantastic opportunity to continue our growth strategy with our new owners who can bring expertise and specialist knowledge of our industry on a global scale. There are a number of exciting opportunities and the team look forward to working with SCF in the continued development of the business.
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