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

Ashtead Technology

Ashtead Technology

Vintage: April 2016

Exit Date: May 2023

Sector: Industrials

Location: Aberdeen

Type: MBO, Growth Capital

Souter Role: Co-investor, Minority Stake

Souter Director: No

Status: Current

Ashtead Technology provides fully integrated equipment solutions including rental equipment, equipment sales, calibration, repair and maintenance, offshore personnel and bespoke engineered solutions.

Serving the subsea and onshore environmental monitoring and inspection sectors, Ashtead Technology provides global reach and local service from its facilities in Aberdeen, London, Houston and Singapore and via agents in Abu Dhabi, Perth and Stavanger.

Souter Investments was part of a Buckthorn Partners led syndicate that bought out Ashtead, and recapitalised the business, which will allow management to expand the geographical footprint and range of services and equipment solutions offered to its clients. 

Ashtead listing on AIM in November 2021 where Souter partially exited its position then going on to sell all its shares by May 2023.