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Well Services firm attracts £7.5million investment


Published Apr 10, 2014
RMEC Ltd.

Maven Capital Partners has invested £7.5million in RMEC Ltd. in the private equity firm’s seventh transaction in nine months, taking its recent investments in oil services companies that are active in the North-east of Scotland to £30 million.

Forfar-based RMEC, a mechanical and hydraulic engineering company specialising in the manufacture, maintenance, repair, testing, recertification and rental of well services equipment for the oil and gas industry, has 20 staff and a turnover of £9 million. The investment will enable RMEC to fast-track its growth in the North Sea, expand its rental fleet, further develop its considerable workshop and storage facilities as well as bolster the management team.

Tags: RMEC Ltd.




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