Acteon Group Ltd has acquired a majority interest in the company by an affiliate of Kohlberg Kravis Roberts & Co. L.P (together with its affiliates, “KKR”) from First Reserve, with management retaining a significant holding in the company. The executive management team will remain in place. Further terms of the transaction were not disclosed.

Will Honeybourne and Jeff Quake, First Reserve Managing Directors, said “We have enjoyed working with the company’s talented management in their relentless goal to build an industry leader, and we are delighted with the impressive success the company has achieved. Since our initial investment in 2006, Acteon has completed eight acquisitions, quadrupled its operating profits and significantly expanded its geographic footprint. We thank the entire Acteon team and wish them every success for continued growth in the future.”

Tags: Acteon Group