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Hydrasun

Established in 1976, Hydrasun is a leading specialist provider of integrated fluid transfer, power and control solutions to the global offshore oil and gas industry.

The business offers a diversified range of products, complemented by innovative manufacturing and technical support services to customers in over 50 countries worldwide.

Equistone was attracted to the business due to its unique approach towards integrated product manufacture, supply and ongoing integrity management and assurance services.

VALUE CREATION

Since investment, Equistone has proactively supported the management team, who have effectively transitioned the business from being a North Sea centric distributor of fluid transfer products, into an international provider of integrated products, services and solutions to a global base of offshore oil and gas customers. Key initiatives have included:

Expansion of products and services – Hydrasun now provides its customers with an extensive range of hydraulic power and control products.

  • Investing in people and infrastructure – employee numbers have increased from 400 in 2007 to 600 in 2013 and £12m has been invested in a new corporate headquarters in Aberdeen.
  • Strategic acquisitions – ATR Hydraulics, based in Aberdeen, IFP Systems, a hydraulic engineering company based in Rosyth, Scotland and Remaq, a Brazilian flexible hose assemblies provider.
  • Geographic expansion into new international markets – extension of the business into Kazakhstan, additional middle eastern markets, West Africa and South America.

THE EXIT

Equistone sold Hydrasun to Investcorp. Hydrasun has grown rapidly, more than doubling revenues over the investment period. Coupled with the initiatives described above, this growth has enabled Equistone to deliver a return of over 2.5x money on its Fund III investment.

Durée d'investissement

oct. 2007 - mars 2013

PAYS

UK

SECTEUR D’ACTIVITE:

Support Services

Evolution du chiffre d'affaires

£55m / £101m

Nombre d'employés à l'acquisition

400

TYPE D’INVESTISSEMENT

Secondary MBO

Hydrasun 1

We have achieved strong growth, a number of key strategic objectives, and consistently outperformed the oil and gas services sector.

Opérations de croissance externe

IFP Systems
sept. 2008