SCF Partners completes acquisition of Global E&C from Global Energy Group

An Aberdeen firm looking to become a leading player in the decarbonisation of the energy sector has secured a major private equity investment deal.

SCF Partners has confirmed the purchase of Global E&C, which employs more than 1,000 people across the world, from Roy MacGregor’s Global Energy Group.

Mr MacGregor will remain on the board of Global E&C during the transition – and the companies will continue to partner on opportunities across the energy sector through a long-term strategic alliance.

Global E&C, which provides engineering, procurement and construction (EPC) services, supports the offshore and onshore energy sectors, with 900 of its people based in the UK.

The deal, which has been completed for an undisclosed sum, will significantly bolster the company’s ability to support the evolving energy markets and accelerate its deployment of digital solutions in the EPC space.

Global E&C Chief Executive, Terry Allan, said SCF was a “great fit” for the business as it moves to a new phase of growth.

“We have come a long way as a business, and this is an exciting milestone for us as we continue to develop and grow,” he said.

“SCF has a proven track record of working with management teams to build lasting companies and it was important for us to find the right partner who understood our culture, and market position.

“SCF is a great fit to support us in the next phase of our development and this investment will reinforce Global E&C’s position as the most digitally enabled EPC contractor in the market.”

SCF Partners helps entrepreneurs to build leading energy companies by providing capital and expertise. The firm, which is over 30-years-old, is headquartered in Houston, and has offices in Calgary, Aberdeen, Singapore and Adelaide.

Colin Welsh, Partner at SCF, said: “We invested in Global E&C because we believe the team has the energy, the capability, and the data management technology to become a leading player in the decarbonisation of offshore and onshore infrastructure.”

Mr MacGregor said: “Global E&C is a great business, the team have established themselves in a very competitive market. I am proud to have been part of their journey.”

Global Energy Group will retain its other Aberdeen-based energy businesses.

Eat on the Green celebrates its 19th birthday

Award-winning restaurant Eat on the Green in Udny Green, Aberdeenshire celebrated its 19th birthday last month.

Since opening in 2004, Chef and Owner Craig Wilson along with his wife and Company Director, Lindsay Wilson, transformed this former village pub into one of the most renowned restaurants in the north east, with a loyal customer base and dedicated team of young staff.

The restaurant was named ‘Best Eating Experience’ in Scotland at the 2019 Scottish Thistle Awards, in recognition of Eat on the Green’s commitment to working with local suppliers to access the freshest, homegrown ingredients in their dishes, something which remains a strong focus. Recently, Craig, Lindsay and the team also successfully retained their two AA rosettes for Culinary Excellence for the 15th year running, reflecting their dedication to deliver a high-quality food and drink experience.

Craig Wilson commented: “This is a significant milestone for Eat on the Green. After nearly two decades, it’s been an opportunity to pause and reflect on how things have changed and look at how far we’ve come since I first opened the door of the restaurant all those years ago.

“Delivering the best experience for our guests has always been at the heart of what we do, and we have been fortunate to share in several special occasions and memorable moments with our customers over the years. Many have become a part of the Eat on the Green story, almost like family, and we wanted to take this opportunity to thank everyone who has supported us. We would not be where we are today without our loyal customers.”