KKR buys majority of OEG Offshore

Growth gain: John Heiton says investment will fuel ambitions

Private equity giant makes another offshore logistics acquisition with Aberdeen deal

Private equity giant Kohlberg Kravis Roberts has acquired a majority stake in Aberdeen oilfield services company OEG Offshore for an undisclosed sum.

OEG Offshore said its executive management would hold onto “a significant holding” after the deal, the financial terms of which were not disclosed.

Chief executive John Heiton said the investment matched the company’s “appetite to accelerate our further development through both organic and acquisitive means”. 

KKR’s Dominic Murphy said OEG Offshore’s growth to date had created a development path of expansion in geographic reach, fleet and service offerings.

UK-headquartered OEG makes and leases cargo units and modular work spaces designed for offshore rigs and platforms, with regional hubs in Singapore, Australia and the US.

New York-listed KKR has made a number of acquisitions in offshore services and logistics in the past two years, with investments in the UK’s Acteon Group, Malaysia’s Weststar Aviation and US firm RigNet among others.

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