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21 November 2019

Private-equity backed terminal operator buys Aberdeenshire project manager

21 November 2019

The firm which operates and maintains the St Fergus gas terminal in Aberdeenshire has bought an oil and gas project management company based in Newmachar.

Energy infrastructure business px Group is the new owner of Camm-Pro, which was set up in 2016 and has supported clients like Hess Denmark and Ancala Midstream.

According to Companies House, Camm-Pro was previously owned by Stephen Martin and Simon McBain.

The acquisition fee was not disclosed.

Stockton-on-Tees-headquartered px was established in 2002 and was acquired by private-equity fund Blue Water Energy in 2016.

The firm also operates Ineos’s Breagh Alpha platform, North Sea pipelines the Teesside Gas Processing Plant and power stations in Teesside, Cumbria, Lincolnshire and Wales.

Geoff Holmes, chief executive of px, said: “We have achieved remarkable growth over the last few years across a number of industrial sectors.

“The investment in Camm-Pro is aligned to our strategy of strengthening our onshore and offshore capability and further demonstrates the business’ ambitious growth plans in this sector, through a lean and focused approach.”

Mr McBain, director at Camm-Pro, said: “Experience has shown that even when well defined and detailed, implementation of a project framework can, in practice, create conflict and deflect from delivery.

“We provide experienced independent management teams that develop and drive an execution strategy to its proper conclusion.

“We look forward to providing this expertise for px as it expands its reach into the oil and gas sector.”

Source: Energy Voice

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