An Aberdeen-based mechanical separation firm has completed an MBO and is now able to focus on expanding its operation across the globe, with support from Clydesdale Bank.
Centrifuges Un-limited, which provides sales, rentals and servicing for centrifuges and related separation equipment, will now be fully overseen by managing director, Jim Shiach. Shiach will lead a team of 30 staff as the company invests in new ventures in the Middle-East, North and South America, and Asia.
Shiach has been involved in the business since it launched in 2000, and has seen it diversify from a single service – providing mechanical process solutions for separation challenges in the North East Oil and Gas Industry – to a more complete offering, which now sees the company’s expertise and processes used across industries on a global scale.
In addition to opening a new office in Dubai, Centrifuges Un-limited is active in the UK, Europe, Norway, Egypt, South America, North and West Africa and the Caspian region. Offering customers bespoke design, manufacture, installation and maintenance of a range of equipment including fuel/oily water separators, mud coolers for high pressure high temperature (HPHT) fluid management and slops treatment systems.
Commenting, Shiach says, “Crucial to the success of the Centrifuges Un-limited is our ability to provide an integrated, flexible service which clients can count on. Diversifying our offering over the years means we have developed strong customer bases across industries and in different countries. Our recent move to Dubai marks our commitment to continued growth and to taking on new markets. Thanks to Clydesdale Bank we’ve been able to successfully complete the MBO, helping us focus on restructuring by adding our new Heat Transfer Division and Mechanical Separation Division.”
The financial package for the MBO was delivered by Andy Tait, director for Clydesdale Bank’s Specialist and Acquisition Finance team in Aberdeen.
Commenting, Tait says, “It’s great to see a company like Centrifuges Un-limited move from strength to strength in a sector not without its challenges. Being able to diversify has meant the company can continue to grow, bringing further employment and contributing to the economy. We understand the opportunities and challenges faced by the industry and we are perfectly placed to help businesses in the oil and gas sector to realise their growth ambitions.”