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Onsite Machining

Formed following the merger of Roberts Pipeline Machining and Site Machining Services, Roberts Machining Solutions is a specialist provider of engineered onsite machining..

Heat Exchangers

Glacier's Heat Transfer Division comprises of two companies specialising heat exchanger repair and refurbishment - Ross Offshore & MSL Heat Transfer.

Non Destructive Testing

For over thirty years PTS has provided a comprehensive inspection and non-destructive testing service to major clients involved in the fabrication and..

Weld Overlay

Established in 1998, Wellclad delivers weld overlay solutions using state-of-the-art technology to its customers, mainly within the oil and gas industry.

Glacier Energy Services formed following duo of acquisitions

Maven Capital Partners, Simmons Parallel Energy Fund and Clydesdale in £8 million deal to form new Oilfield Services Group.

A new name in oil and gas services, Glacier Energy Services, has been launched today following £8 million in investment from Maven Capital Partners, Simmons Parallel Energy and debt finance from the Clydesdale Bank.

The company has been formed by three experienced oil and gas professionals - Scott Martin, chairman, Dave Sturrock, chief executive officer, and Ciaran O'Donnell, strategic director.

The investment has enabled the acquisition of two established Scottish manufacturing businesses. Pipeline machining company, Roberts and welding services specialists, WellClad, which make up MBAe Oil & Gas Limited have been acquired from MB Aerospace Holdings Limited.

The new company will harness the manufacturing capability and technology of these businesses to create a platform from which to build a global oilfield services group.

Norman Roberts and Robert Hutcheson, the current directors of MB Ae Oil & Gas, will join the new management team at Glacier Energy Services.

Headquartered in Aberdeen, with the manufacturing plant in Motherwell, Glacier Energy Services will focus on developing enhanced products and services for the oil and gas industry particularly in the areas of production and processing equipment, intervention and pipeline components.

Dave Sturrock, chief executive officer of Glacier Energy Services, said: "Our vision is to provide customers with world-class technologies and exceptional service. Both the acquired companies, based in Scotland's manufacturing heartland, boast a proven track-record and a solid oil and gas customer base. Glacier will add and enhance their existing products and services through organic growth and strategic acquisitions.

"From our headquarters in Aberdeen, we will be able to promote these technologies to the international oil and gas market, capitalising on the management team's oil and gas knowledge, expertise and contacts and the strong resurgence in the UK manufacturing sector.'

Craig Gallagher, chief executive officer of MB Aerospace Holdings, said: "The sale of this non-core operation represents excellent value for our shareholders at MB Aerospace Holdings and allows us to re-invest the proceeds back into our core aerospace business.

"As established manufacturing businesses, Roberts and WellClad, have traditionally had good technical overlap with our core aerospace activities. However the time has now come for the businesses to realise their organis growth potential and to enlarge their offering to the developing energy markets.'

Established in 1952, Roberts is a leader in the design and manufacture of precision on-site portable machine tools. The business is based on the sale and rental of equipment for pipe cutting flange facing and pipe coating removal.

WellClad was established in 1998 as a specialist provider of welding services to the oil and gas industry. It specialises in the cladding of alloy steels with a corrosion resistant alloy for offshore and subsea equipment. Jock Gardiner, partner with Maven Capital Partners said: "Maven's Aberdeen-based team have a consistent record in backing the highest quality management teams in our energy service sector investments. We are very impressed with the vision that the Glacier team has for the business and look forward to supporting team as they grow the operation and take full advantage of the significant opportunities that exist.'

Frank Summers, Head of Simmons Parallel Energy added: "We are investing in a robust businesss with great products. We believe that the management team will be able to become a significant oilfield services company, building on the strengths of the businesses they have acquired to capitalise on the opportunities available in growing global markets.'

Bill Blacoe, Acquisition Finance Director with Clydesdale Bank commented: "Glacier is the perfect example of a business with a solid reputation and financials, now well positioned for growth with strong financial backing and an excellent management team. It shows that, with the correct business and management , M&A funding is still readily available in an Oil & Gas sector with increasingly positive fundamentals."

Ritson Smith acted as the lead advisers to Glacier Energy Services and the management team during the transaction.