Stewart to Lead EnerMech Expansion

press release
Friday, December 14, 2012
Ingrid Stewart, Corporate Development Director

EnerMech has signalled it’s about to step up international expansion with the appointment of mergers and acquisitions expert Ingrid Stewart.

 

Mrs Stewart has joined the mechanical engineering group from investment bank Simmons & Company International where she was a director specialising in corporate finance. A chartered accountant, she takes on the newly created role of Corporate Development Director, as the Aberdeen-based oil and gas services company embarks on a new phase of acquisitions and strategic joint ventures. EnerMech has recently secured a further £25 million from long term private equity backers Lime Rock Partners and is in the process of raising additional funding from a group of banks to finance its continuing acquisition and growth strategy.

 

Already well established in the UK, Norway, the Middle East and Caspian, North America, West and South Africa, Singapore, Indonesia, China and Australia, EnerMech expects to add five new businesses to the group in the next six months as it extends its global footprint. Mrs Stewart will be responsible for the execution of future acquisitions and the subsequent integration of those businesses into the EnerMech group. She will play a significant role in the overall strategic development of the company and long term business plan, positioning EnerMech for additional future investment.

 

EnerMech managing director, Doug Duguid, said: “We are entering a new phase of international growth which will take the company to the next level and Ingrid will bring us greater experience in deal execution and finance raising. “EnerMech is a successful business with a robust long term growth strategy and recruiting management of Ingrid’s calibre, the first of several key appointments, will accelerate our international development.”

 

In her six years with Simmons, Mrs Stewart worked on several high profile acquisitions, disposals and finance raisings within the energy industry. EnerMech was a key client and she has advised the company since it was formed in 2008 by Doug Duguid and finance director Michael Buchan. She said: “After 15 years in professional services and advising companies like EnerMech, I’m looking forward to transferring my skills and working from the inside of one of the UK’S most exciting and ambitious oil services companies. EnerMech has made no secret of its objective to establish a truly global entity and I will help identify suitable targets and manage the acquisition and integration process, freeing up Doug and Michael to concentrate on delivering the growth expected by our investors.”

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Coast Guard Academy Cadet to Receive Fulbright Scholarship

Stephen Horvath, a first class cadet at the U.S. Coast Guard Academy, was recently granted a two-year Fulbright Scholarship to study renewable energy technologies

Ecochlor Presents BWTS Case Study at CMA

Ballast water treatment technology developer Ecochlor Inc. presented a project case study yesterday at CMA Shipping 2015 in Stamford, Conn. The case study covered

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Offshore

GAIL Seeks 7 LNG Cargoes

GAIL (India) will buy seven liquefied natural gas (LNG) cargoes for delivery from October 2015 until December 2016, according to the tender document obtained by Reuters.

SAL Heavy Lift Performs Offshore Windfarm Work

MV Lone proves as project platform for Wikinger wind farm   SAL Heavy Lift informs it has completed the second phase of the Wikinger Pile Testing Campaign with DP II Class vessel MV Lone.

JIT Transit Slots Reduced at Panama Canal

The Panama Canal has experienced an unusual increase in the number of vessels awaiting transit during the past few weeks. Several measures have been implemented to reduce the backlog,

Finance

Yachting Malta PPP Sets Sail

Yatching Malta Ltd (YML) - a new public private partnership (PPP) between the government and the Royal Malta Yacht Club (RMYC) was formed with the aim of putting Malta on "the global yachting map".

China Cosco's Profit Up 54%

The Shanghai-and-Hong Kong-listed flagship unit of China Ocean Shipping Group, China Cosco Holdings Co Ltd says that its 2014 net profit went up 54 percent y/y at 362.

Taiwan Boosts Yacht Export

Taiwan's yacht industry saw its first double-digit growth in nearly a decade, indicating an inspiring revival led by development and sales of larger leisure boats,

Energy

GAIL Seeks 7 LNG Cargoes

GAIL (India) will buy seven liquefied natural gas (LNG) cargoes for delivery from October 2015 until December 2016, according to the tender document obtained by Reuters.

SAL Heavy Lift Performs Offshore Windfarm Work

MV Lone proves as project platform for Wikinger wind farm   SAL Heavy Lift informs it has completed the second phase of the Wikinger Pile Testing Campaign with DP II Class vessel MV Lone.

Huge Heavy Lift Project Wraps up in Colombia

Mammoet concludes multi-year heavy lifting and transport project for refinery in Cartagena, Colombia   Mammoet USA informs it has completed a heavy lifting and

Marine Power

Indonesia Partners with China on Maritime

Indonesian President Joko “Jokowi” Widodo and Chinese President Xi Jinping pledged increased maritime cooperation during the formers visit to China.   The joint

Wärtsilä's' New Plant in Brazil

Following an investment of 20 million euros, Wärtsilä's' new unit will produce and test motor generators and thrusters   Wärtsilä's first unit at Porto do Açu in São João da Barra (RJ),

Kvichak to Build Catamaran Research Vessel

Kvichak Marine Industries, Inc. was recently awarded a contract for construction of a 60’ aluminum catamaran research vessel for the California Department of Water

News

Indonesia Partners with China on Maritime

Indonesian President Joko “Jokowi” Widodo and Chinese President Xi Jinping pledged increased maritime cooperation during the formers visit to China.   The joint

China Strengthens Maritime Ties with Pak

The Vice Chairman of China's Central Military Commission General Fan Changlong has pledged to deepen maritime security and military technology cooperation during

Cruise Giant Carnival to Expand its Fleet

The world's largest cruise ship company Miami-based Carnival Corp. has signed agreements with German and Italian ship builders to build nine new ships over a four-year period, starting in 2019.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3496 sec (3 req/sec)