Power providers agency Centurion Group has accomplished the acquisition of Angus-based rental firm RMEC for an undisclosed sum.

Billed as a “market chief” within the subject of nicely providers, RMEC offers adjoining providers to present Centurion divisions, increasing the Dyce-headquartered firm’s product and repair footprint.

With a headcount of round 35 staff, RMEC helps shoppers via the life cycle of their property.

The acquisition will give private-equity backed Centurion better entry to the decommissioning market on a world scale.

It additionally additional place the group to learn from the bounce again in oilfield providers, the power decarbonisation drive, the expansion within the mineral sources sector and the enlargement of renewables.

Fernando Assing, Centurion’s chief government, mentioned: “We’re delighted to have RMEC be a part of the Centurion household. Their fame for delivering a number of the most secure and best nicely providers in the marketplace aligns carefully with our technique and values, and as a part of the group, they’ll add large worth to our rising world buyer base.”

RMEC is Centurion’s third acquisition in 2022 alone, and demonstrates the group’s “formidable” development technique.

In January it was introduced that the agency, which is backed by SCF Companions, had snapped up Kintore-based Aleron, a specialised within the design and manufacture of subsea tools.

It additionally acquired Canadian agency Polar Septic Methods, a supplier of wastewater leases and therapy options.

And in 2021 Centurion took over Center East-based Specialist Providers.

Based mostly at Cotton of Pitkennedy close to Forfar, RMEC has been backed since 2014 by personal fairness and property supervisor Maven Capital Companions.

Its record of shoppers contains Baker Huges, Schlumberger, Taqa, CNR Worldwide and Effectively-Secure Options.

Bryan Fagan, managing director of RMEC, mentioned: “I’m delighted that RMEC is becoming a member of Centurion, a gaggle with a fame for tools rental and repair excellence to the essential industries. As a part of Centurion, we stay up for elevated world attain our enterprise can have, and serving our clients within the decommissioning business and past with even better entry to protected, environment friendly, and sustainable tools options.”

Ewan MacKinnon, a accomplice at Maven Capital Companions, added: “RMEC has been a wonderful funding for Maven.  The corporate has an incredible administration staff who we now have loved working with over the previous 8 years. The sale to Centurion is a complementary match for RMEC with important alternatives for each companies to discover. We want the corporate nicely because it embarks on the following stage of its development.”