Hudson Avenue Partners Advises Bluewater and Pipeline Technique on its Triple Acquisition from Stanley Black & Decker
Hudson Avenue Partners (“Hudson Avenue”) is pleased to announce that Pipeline Technique Ltd. (“PTL” or the “Company”), a portfolio investment of Bluewater Private Equity (“Bluewater”), has completed a transformational acquisition of three leading energy infrastructure units, CRC-Evans, Pipeline Induction Heat and Stanley Inspection, from Stanley Black & Decker, Inc.
Hudson Avenue acted as exclusive financial advisor to Bluewater and PTL and arranged financing to support the acquisition and future growth capital needs of the Company.
About Pipeline Technique Ltd.
Pipeline Technique is a leading provider of specialist products and services that support the effective delivery of fabrication and construction projects worldwide. Its proven capabilities across robotic welding, non-destructive examination and field joint coating are deployed to support projects and developments, onshore and offshore, for a portfolio of customers from across the energy industry. The Company’s activities span the entire energy spectrum from traditional oil & gas to renewables and carbon capture. Based in Aberdeen, Scotland, Pipeline Technique has a network of offices and worksites around the world.
For additional information, visit www.pipeline-technique.com.
About Bluewater Private Equity
Bluewater is a specialist international private equity firm focused on the middle-market energy sector. Its experienced investment and operating professionals drive value creation as they manage $2.5 billion of investment across a portfolio of over 20 companies. Bluewater has a prime focus on projects or technologies that contribute to the energy transition agenda and works to a diversified investment strategy based on the principles of sustainability and close working partnerships with best-in-class management teams. Bluewater has a strong focus on ESG and is a signatory to the UN Principles for Responsible Investment.
For additional information, visit www.bluewaterpe.com.
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