Glacier Buys Ross Offshore
A UK-based oilfield specialist Glacier Energy Services today confirms the acquisition of Aberdeen-based Ross Offshore in a multi-million pound deal, further extending its onsite specialist technical support offering to the energy industry.
The purchase sees Glacier Energy Services establish an offshore division headquarters at Ross Offshore’s modern facility at Peterseat Drive in Aberdeen.
Following the acquisition, Glacier has a combined turnover of more than £15million, with a global staff of 110 people across its operational hubs in Glasgow, Newcastle and its recently-opened South East Asia base in Singapore.
In line with Glacier’s other companies – Roberts Pipeline Machines, Site Machining Services (SMS) and Wellclad – the business will retain the Ross Offshore brand while operating as part of the wider group.
It is Glacier’s fourth acquisition, following the purchase of specialist onsite engineering provider Site Machining Services in June 2012, and it is expected that further deals will be taken forward in the coming months.
Mark Derry, managing director of the Glacier: Offshore division said: “Ross Offshore is a natural strategic fit for our offshore business, enhancing the range of onsite technical services we can deliver for operators and service companies.”
“Ross Offshore’s equipment and technology support capability complements Site Machining Services’ specialist engineering offering, allowing us to deliver high-quality solutions including installation, repair, refurbishment and replacement of heat exchangers.”
Glacier: Offshore already delivers equipment development and manufacture, through Roberts Pipeline Machines, with SMS’ industry-leading technicians providing onsite support to those technologies.
Toby Ross, founder and managing director of Ross Offshore, who will continue to lead the business, said: “The acquisition allows Ross Offshore, as part of the Glacier group of companies, to fuel significant growth and achieve even more success by broadening our service.
“Working closely with our fellow Glacier companies we expect to increase our client base and market share, by delivering significant value to offshore projects through a combined high-standard offering in technical services.”
Glacier Energy Services group chairman, Scott Martin, said: “Glacier is successfully building for the future and through Ross Offshore, with which the group has a long-standing relationship, there is excellent further growth potential for the business.
“Bringing Ross Offshore onboard is another key element of our growth-through-acquisition strategy, supported by investment from Maven Capital Partners and Simmons Parallel Energy.”
Press Release, August 22, 2013