Investors fast-track Sparrows global growth

Company News - November 2, 2012

| More

Aberdeen headquartered Sparrows has announced a major investment deal which will see the company’s management and funds being advised by AEA Investors LP.

The investment by the international private equity firm will enable the company, which specialises in offshore lifting and mechanical handling services, to exploit current and future opportunities with funds available for acquisitions and organic growth and will help the company fast track its global expansion strategy.

Established in 1973, Sparrows employs 1,750 people in 19 locations globally and provides oilfield engineering services, including offshore lifting, crane engineering and services, mechanical handling, pipe and cable lay systems, fluid power engineering, equipment rentals and competence training.

 

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

9th Deepwater China Convention 2014
24-25 April 2014
China, Shenzhen.

FPSO Topsides Design and Layout
29-30 April 2014
United kingdom, London.

Subsea Vessels Conference
29-30 April 2014
Norway, Oslo.

OSV Chartering Contract Management Middle East
29-30 April 2014
United arab emirates, Dubai.

Subsea Power Cables
30 April-01 May 2014
United kingdom, London.

More events