SCF Partners Announces Investment in Global E&C, a Digitally Enabled Engineering, Maintenance, and Commissioning Service Provider
Aberdeen, Scotland – February 2023 – SCF Partners (“SCF”) is pleased to announce its investment in Global E&C (“GEC”), a differentiated engineering, modification, maintenance, and commissioning business primarily focused on servicing the offshore energy sector. The investment will significantly bolster GEC’s ability to support evolving energy markets and accelerate the growth of its digital and decarbonization offerings.
“We have come a long way as a business, and this is an exciting milestone for us as we continue to develop and grow,” says Terry Allan, CEO of GEC. “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.”
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 decarbonization of offshore and onshore infrastructure.”
Global E&C’s previous parent company Global Energy Group, which is Chaired by Roy MacGregor, will retain their other Aberdeen based energy businesses.
Mr. MacGregor will support Global E&C as a member of the Board through the transition with SCF as well as retaining a long-term strategic alliance which will see Global Energy Group and Global E&C partner on opportunities across the energy sector. Mr. MacGregor commented: “Global E&C is a great business, the team has established themselves in a very competitive market and I am proud to have been part of their journey.”
About Global E&C
Global E&C is an execution led energy Engineering, Procurement, and Construction (EPC) contractor with a depth of expertise across survey, engineering, fabrication, construction, and commissioning & start-up services. GEC was established in 2019 as a digitally focused Brownfield EPC contractor and has quickly gained credibility in the market. Headquartered in Aberdeen, Global E&C has offices and workshop facilities across the UK, employing some 1,000+ people. The business continues to evolve to meet the challenges of the UK market and is ideally positioned to support the decarbonization of critical energy infrastructure. To learn more, go to www.global-ec.com.