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

Tracerco

Tracerco

Vintage: September 2023

Sector: Energy Services

Location: Billingham (HQ)

Type: Carve-out

Souter Role: Lead Investor

Souter Director: Yes

Status: Current

Tracerco is a global provider of specialist instrumentation, testing, and inspection services that ensure asset integrity in critical process industries. Operating from more than 21 locations worldwide, the business utilises its patented, highly sophisticated nucleonic and chemical-based technologies to enhance productivity and safety performance. These practical insights lead to operational and profitability improvements for customers.

Souter Investments and Sullivan Street completed the acquisition of Tracerco from Johnson Matthey PLC in September 2023.

Under independent ownership, Tracerco is expected to significantly benefit from dedicated shareholder focus with investment into new sales personnel, bolstered marketing efforts and a suite of new IT systems to aid productivity and operational efficiency. In addition, the business will look to grow in underserved regions and expand into new sectors including renewable energy, CCUS and mining.

 

w: https://tracerco.com/