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.
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.
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.