Case study
Gneiss advises Specialist Marine Consultants on its 100% acquisition by OEG Offshore
Gneiss Energy advises Specialist Marine Consultants on its 100% acquisition by OEG Offshore
Gneiss Energy is delighted to have acted as sole financial adviser to Specialist Marine Consultants (“SMC”) on its 100% acquisition by OEG Offshore.
SMC is a market leader in Offshore Wind support services, providing Marine Coordination, Offshore Asset Inspection, and Maintenance solutions. The acquisition will enable the combined businesses to leverage OEG’s international reach to establish a global franchise in technical solutions to the Offshore Wind Industry.
Founded in 2006 and headquartered in Yorkshire, SMC’s team of specialist consultants provide best-in class Marine Coordination, Vessel Inspection and HSEQ support. Since inception, SMC has evolved into a market leader in supplying turnkey services and experienced personnel to the Offshore Wind Industry.
This landmark transaction will see SMC’s market leading Offshore Wind Services expertise combine with OEG Offshore’s international reach. As the Offshore Wind industry expands beyond the core North Sea, SMC will be ideally placed to capture further market share.
The UK continues to be a core growth market for Gneiss Energy’s financial advisory business, with a significant and growing pipeline of primary and secondary investment opportunities across the energy transition launching in Q4 2022.
SMC is a market leader in Offshore Wind support services, providing Marine Coordination, Offshore Asset Inspection, and Maintenance solutions. The acquisition will enable the combined businesses to leverage OEG’s international reach to establish a global franchise in technical solutions to the Offshore Wind Industry.
Founded in 2006 and headquartered in Yorkshire, SMC’s team of specialist consultants provide best-in class Marine Coordination, Vessel Inspection and HSEQ support. Since inception, SMC has evolved into a market leader in supplying turnkey services and experienced personnel to the Offshore Wind Industry.
This landmark transaction will see SMC’s market leading Offshore Wind Services expertise combine with OEG Offshore’s international reach. As the Offshore Wind industry expands beyond the core North Sea, SMC will be ideally placed to capture further market share.
The UK continues to be a core growth market for Gneiss Energy’s financial advisory business, with a significant and growing pipeline of primary and secondary investment opportunities across the energy transition launching in Q4 2022.
Hear from our clients
I am delighted with Gneiss Energy’s techno-economic capability to fully articulate the key drivers of SMC’s growth in the Offshore Wind Industry. We thank the Gneiss team for the quality of their advice and support during this competitive process.
Ian Coates
SMC Managing Director
Hear from our experts
The Gneiss team leveraged deep experience across investment banking and technical consultancy (incl. nine years’ experience at wood plc) to rapidly assess SMC’s competitive position and establish a robust valuation for the business in light of accelerating growth in the Offshore Wind sector. It was a pleasure to collaborate with shareholders of both SMC and OEG Offshore.
David Cunningham
Director
Project team
David Cunningham
Director
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