Souter Investments
is one of the UK’s leading family investment offices specialising in private equity

Souter Investments invests in Acteon Group

Monday, 15 April 2024

Souter Investments invests in Acteon Group

Souter is pleased to support Buckthorn Partners in their latest acquisition of Acteon Group. Buckthorn have partnered with One Equity Partners (OEP) once again as well as the Arab Energy Fund (previously known as APICORP).

Headquartered in Norwich, the firm was founded in 1989 and has since grown to 2,300 staff operating in 58 locations across 14 countries worldwide. The company services offshore infrastructure across both renewable and traditional energy markets and is expected to play a key part in delivering the energy transition over the next few decades.

The core strategy is to enhance Acteon’s capabilities across the survey, foundations and consulting engineering businesses which will help differentiate the business further in the global energy market whilst repositioning the business to focus on renewables, specifically the wind market. A substantial investment will also be made to improve Acteon’s standing with suppliers and customers and enable it to compete even more strongly in its core markets.

Brice Bouffard has been appointed as Chief Executive Officer of Acteon. Brice brings a wealth of business experience highly relevant to Acteon and its key segments.

Calum Cusiter, Managing Director at Souter Investments, commented: “Our investment into Acteon Group is an exciting entry point into the rapidly evolving energy market. It is involved throughout the lifecycle of offshore energy and marine projects delivering technological and manufacturing solutions that enable stable energy production in challenging environmental conditions. The growth prospects look highly attractive in both the buoyant oil & gas market as well as the burgeoning offshore wind sector which is being supported by government commitments around the world. The company has a portfolio of market-leading capabilities in managing offshore infrastructure which we think Buckthorn, OEP and Brice are well placed to develop further. We are optimistic that Acteon will continue to benefit from sector tailwinds as the world moves towards net zero.”

Please refer to the official press release for more details.

This deal follows Souter’s recent acquisition of Premier Hytemp, a global provider of turnkey metals and precision engineering solutions for the energy industry which completed in November 2023 – see more details here.