The Wilton Group, a UK-based provider of project management, design, fabrication, installation and testing services for the energy sector, has recently received a £16m equity investment from Barclays Private Equity.
Following the operation, which was made through a management buyout of the business, Barclays Private Equity has taken a “significant” minority stake in Wilton.
The new capital will allow the company to continue to expand in the UK and abroad.
Commenting on the deal, Bill Scott, CEO of Wilton Group, said that this investment provides the company with a strong platform to further build on its established customer base and broad offering of services.
The Group currently comprises three business units:
– Aberdeen and Teesside-based PD&MS Energy, which was acquired by Wilton Group in 2008. It provides dynamic engineering design and technical support for the maintenance and modification of oil and gas assets, currently predominantly in the North Sea.
– Middlesbrough-based Wilton Engineering Services, which focuses on large, technically demanding fabrications and associated services for the subsea, marine, offshore, nuclear and renewable energy industries.
– Middlesbrough-based Universal Coatings, which provides surface preparation, coating and painting services to the offshore, sub-sea and power industries.