UK-based marine contractor Acteon has been bought by private equity investors Buckthorn Partners and One Equity Partners.
According to Acteon, Buckthorn and One Equity are making a substantial investment in the company to improve its standing with suppliers and customers and enable it to compete even more strongly in its core markets.
The investors will focus on developing Acteon’s capabilities across the survey, foundations, moorings, decommissioning, and consulting engineering services for offshore renewable and oil and gas markets.
Brice Bouffard has been appointed as the new CEO of Acteon. According to a company filing, Bouffard was named as a director of Acteon earlier this month.
“Acteon’s products and services are key to the energy transition in constructing, maintaining, and supporting offshore energy infrastructure. Our ownership will bring stability to the business, and investment and expertise to grow and develop the company,” said Rob Willings, partner at Buckthorn.
Some of the most familiar names in Acteon’s portfolio are Aquatic, Benthic, Menck, J2 Subsea, Claxton, Intermoor, Seatronics, 2H, and UTEC among others. The business was established in 1989 and employs 2,300 staff operating from 58 locations across 14 countries worldwide.