NORTHSTONE Advisers (“NorthStone”), an energy sector specialist provider of Market Analysis, Growth Strategy, and Organisational Development has officially launched in Marischal Square, Aberdeen, today.
Created by a group of industry experts, the firm is led by its founding partner Andrew Reid; a globally recognised analyst and professional services leader who has been active in the energy sector for nearly three decades.
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The business has been established to support product, service, and financial firms to navigate the rapidly changing and increasingly complex energy landscape; helping them identify market opportunities, develop growth strategies, and introduce operational practices to drive sustainability, longevity, and profitability.
In an era of disruption, most upstream businesses are being forced to reassess their market positioning as the energy transition gathers pace. The challenge for investors and management teams is how to navigate this environment and position their businesses for long-term success.
Andrew Reid said: “Our service offering is differentiated as we combine market, strategic, and organisational capability which allows us to work with our energy sector clients over the longer term to set realistic and deliverable growth plans that increase shareholder value.”
The firm is backed by associates Stuart Cochrane and Steve Roberston, in addition to strategic partnerships with best-in-class data providers, digital transformation specialists, and academic institutions.
Specialists in their field, the team have historically been active in over 300 market and strategy engagements across the world, provided diligence to over $30 billion of investment into oilfield service, midstream, and power generation businesses, while also receiving over 20 independent industry awards recognising their contribution to the sector.
NorthStone’s initial focus is servicing the £118 million market opportunity for their service lines in Europe, before continuing a global push. Over the coming months they will be expanding the team with further associates and employees to support their growth plans.
