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



Vintage: December 2018

Sector: Oil & Gas Services

Location: Aberdeen

Type: Buy and Build, MBO

Souter Role: Co-investment

Souter Director: No

Status: Current

Coretrax is an independent wellbore clean-up and abandonment specialist to the oil & gas industry.

The Aberdeen headquartered company, which supports global well construction, completion and end-of-life operations has operational centres in the UK, Middle East and South East Asia. It is also working on projects in the US and West Africa where it sees future market potential for its service offering.

Souter Investments was part of a Buckthorn Partners led syndicate that invested in Coretrax which will help it accelerate its ambitious international growth plans.