Management Due Diligence specialists, The Quinn Partnership, has advised Inflexion on their secondary buyout of PD&MS Energy.

PD&MS Energy is a fast-growing, specialist provider of Engineering, Procurement and Construction (EPC) services for the global oil and gas industry, serving drilling, production and marine sectors. The company ranked 2nd in The Sunday Times HSBC International Track 200, published at the weekend, which ranks Britain’s private companies by fastest-growing overseas sales.

Founded in 2002 by its current management team, PD&MS Energy operates in an attractive, growing, niche market with few direct competitors. Its core capability is ‘brownfield’ design engineering services, utilising sophisticated project planning and design software tools to service drilling and production operators throughout the oil and gas market. With established operations in the North Sea and more recently Azerbaijan, PD&MS Energy has embedded customer relationships with major blue chip operators such as BP and CNR.

Inflexion’s investment will enable PD&MS Energy’s management to continue building on its impressive track record, accelerating international expansion, targeting complimentary bolt-on acquisitions and developing its sales and marketing capability. As part of the buyout, Inflexion has introduced Alan Proctor as Senior Non-Executive Director. He has held board positions with a number of global infrastructure companies and is also currently Chairman of Rhead Group, an Inflexion investee company.

Simon Turner, Managing Partner at Inflexion said “We’ve been tracking this business for a number of years; attracted by its ambitious management team and the global market opportunity. We’re excited to be investing in a sector that Inflexion knows well. With our previous experience, gained through investments such as Viking Moorings, SMD and Rhead Group, we see significant opportunity to support PD&MS Energy’s international growth strategy.”

Simon Rio, CEO of PD&MS Energy said “We are delighted that Inflexion is investing in the next stage of PD&MS Energy’s development. The investment, credentials and experience Inflexion brings will allow us to further enhance our offering to our existing client base as well as helping us drive growth in the North Sea and internationally. Our growth plan and strategy is underpinned by management’s commitment to retain the same core values and culture which has undoubtedly been key to what the business has achieved so far, which will allow us to replicate our current success on a more global scale.”

The acquisition process was led by Catherine Richards, Tim Smallbone and Edward Fraser.

Paul Quinn, Director at The Quinn Partnership said “This is an experienced and market-immersed team who have the ability and drive to deliver the anticipated growth in realistic timescales. We’re pleased to continue to support Inflexion’s impressive investment appetite and proud to advise Cath and Tim on the deal”

If you would like specialist advice regarding Management Due Diligence, contact us on 0161 924 2280.