CENTURION Group, a global leader in the supply of rentals and services to critical industries, is pleased to announce the acquisition of RMEC Limited (“RMEC”), an integrated rentals, sales and service company delivering innovative solutions to the well services and energy sectors.
Based in Forfar, Scotland, RMEC is a market leader in its field and serves a blue-chip client list in the energy sector. RMEC provides adjacent services to existing Centurion businesses expanding the group’s product and service footprint.
RMEC supports clients through the life cycle of their assets and will provide the Group greater access to the decommissioning market on a global scale.
Today Centurion is a well-diversified business with a wide range of service offerings to critical industries – from environmental services to well site management. This acquisition further positions the business to benefit from the OFS recovery, the energy industry decarbonization initiatives, the growth in the mineral resources sector and the growth of the renewable energy industry.
This acquisition is further evidence of Centurion’s ambitious M&A growth strategy. RMEC is Centurion’s third acquisition in 2022, following the acquisition of Canada’s Polar Septic Systems and Aberdeen based Aleron back in January.
Fernando Assing, Centurion’s CEO, commented: “We are delighted to have RMEC join the Centurion family. Their reputation for delivering some of the safest and most efficient well services on the market aligns closely with our strategy and values, and as part of the group, they will add tremendous value to our growing global customer base.”
Bryan Fagan, MD of RMEC, added: “I am delighted that RMEC is joining Centurion, a group with a reputation for equipment rental and service excellence to the critical industries. As part of Centurion, we look forward to increased global reach our business will have, and serving our customers in the decommissioning industry and beyond with even greater access to safe, efficient, and sustainable equipment solutions.”
Ewan MacKinnon, Partner at Maven Capital Partners UK LLP, stated: “RMEC has been an excellent investment for Maven. The company has a great management team who we have enjoyed working with over the past 8 years. The sale to Centurion is a complementary fit for RMEC with significant opportunities for both businesses to explore. We wish the company well as it embarks on the next stage of its growth.”