Derrick Services UK

The Business

A market leading provider of turnkey asset integrity services for upgrade, refurbishment and recertification of key oil and gas structures.

Founded in the UK in 2007.  Now operating from locations worldwide.

Strong platform for future growth with significant number of product and market opportunities.

The Deal

Majority investment from US Private Equity firm.

Full exit for founding shareholder.

De-risking for management team/shareholders.

Remaining shareholders staying involved in the business.

Significant development capital available to support the management team’s growth plans.

Value Add

Acted as lead adviser, project managing and negotiating deal from start to a successful completion.

Achieved strong valuation with an attractive incentive structure on delivery of growth.

Full global due diligence support to management team.

JDC ran the deal to minimise management team distraction from running the business.

Locations

UK with Subsidiaries Worldwide

Sector

Oil & Gas

Deal

PE Investment / Disposal

Derrick Services (UK) Logo

We engaged JDC because of their successful track record in our industry and the confidence we felt in their ability to secure the best possible deal.  The hard work and commitment of the team was invaluable in providing hands-on support through a very intense process, negotiating the deal to a successful conclusion.

Michael Smith Derrick Services (UK)