As a leading provider of project management, design, fabrication, installation and testing services for the energy industry, Wilton Group comprised three main business units: PD&MS, Wilton Engineering Services and Universal Coatings.
In May 2013, the Wilton Fabrication and Universal Coatings businesses were sold to the management team, while Equistone invested a further £4m to take a majority stake in PD&MS and relinquished its equity stake in the fabrication business. This took Equistone’s total investment to £20m.
During the investment period, Equistone supported the business by:
Since the restructuring, PD&MS has continued to provide safe, effective and cost-efficient design and engineering services to the oil and gas, drilling, production and marine industries. It is demonstrating good organic growth and won its first overseas contract, which is for BP in Azerbaijan.
Equistone sold PD&MS to Inflexion Private Equity yielding 2.9x total money on its Fund III investment.
Location: United Kingdom, Scotland, Aberdeen
Employees: 51-200
Founded date: 2002
Investors 1
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