Management Buyout for UK’s Salos Sunesis
- Business & Finance
Offshore oil & gas performance improvement specialist, Salos Sunesis, has recently carried out a management buyout, which has enabled director Grant Wallace to acquire the Aberdeen-based company from founder Ty Crandall.
The company was formed 21 years ago, and during this time the team has assisted in the successful delivery of over 70 of the most challenging high pressure high temperature (HPHT) wells around the world.
Transferring knowledge from these challenging wells, Salos delivers performance focused auditing, coaching and training to maximise efficiency whilst ensuring safe well delivery.
Grant joined the business in 2013 and saw an opportunity to develop its service offering, which now includes managed pressure drilling (MPD) project services. He has also brought industry stalwart, Bob Dickson onto the senior management team as the company’s operations manager.
Bob has held senior positions such as subsea wells manager with Talisman and has over 35 years experience in the industry covering many aspects of drilling engineering and management. He has managed projects in the North Sea, Middle East, Russia, Norway and North Africa.
Grant Wallace, managing director at Salos Sunesis, said: “The MBO has allowed the team to build on the last two decades of expertise. We are very positive about the future potential of the business and with increased enquiry levels we are seeing strong signs of the sector recovering. Bob’s appointment is another indication of our drive and ambition to grow the company by focussing on delivering value and assurance to our clients. He brings a wealth of expertise and insight to the team and more importantly our clients to enhance performance at the well site.”