M&A Deal Summary

Airswift Acquires Competentia

On June 21, 2021, Airswift acquired staffing company Competentia from Reiten & Co

Acquisition Highlights
  • This is Airswift’s 3rd transaction in the Staffing sector.
  • This is Airswift’s 1st transaction in Norway.

M&A Deal Summary

Date 2021-06-21
Target Competentia
Sector Staffing
Buyer(s) Airswift
Sellers(s) Reiten & Co
Deal Type Merger

Target

Competentia

Stavanger, Norway
Competentia is a consulting business, providing highly skilled project management and engineering personnel to oil and gas companies worldwide. Competentia provides temporary staff that has developed into a consulting firm with technological expertise within FPSO and LNG Gas projects and with a strong growth story. Competentia was established in 1998 and is based in Stavanger, Norway.

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Buyer(S) 1

Buyer

Airswift

Houston, Texas, United States

Category Company
Sector Staffing
DESCRIPTION

Airswift is an international workforce solutions provider within the energy, process and infrastructure industries. Airswift serves as a strategic partner to our clients, offering a turnkey workforce solution to capture and deliver the top talent needed to complete successful projects by aligning with the unique needs of our clients. With over 52 offices worldwide, 6,000 contractors and a candidate database of 500,000, our geographical reach and pool of talent available is unmatched in the industry and the level of experience, exposure and expertise that the organisation has is unparalleled. Airswiftis based in Houston, Texas.


DEAL STATS #
Overall 3 of 4
Sector (Staffing) 3 of 4
Type (Merger) 3 of 3
Country (Norway) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Air Energi Group

Manchester, United Kingdom

Air Energi is an international recruitment business specialising in the oil and gas industry providing contract, project and staff hire personnel to the major national and international oil companies. Air Energi is based in Manchester and has regional headquarters in the USA, Middle East, Asia Pacific and Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-08 Energy Resourcing

Perth, Australia

Energy Resourcing is a global workforce provider, partnering with clients, contractors, and candidates in the energy sectors for over 20 years. With a range of innovative recruitment and managed services, it is a diverse and globally integrated service provider to some of the world’s leading companies in the oil and gas, power, renewable energy, chemicals, petrochemicals, refining, mining, and construction industries. Energy Resourcing is based in Perth, Australia.

Buy -

Seller(S) 1

SELLER

Reiten & Co

Oslo, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Reiten & Co is a Norwegian private equity firm that targets control investments in middle-market Scandinavian companies. Reiten looks for businesses with strong management, solid cashflow, and operating in a growing industry. The Firm's target investment size is €10 to €40 million per transaction. Reiten was formed in 1992 and began investing in 1996. The Firm is based in Oslo.


DEAL STATS #
Overall 19 of 21
Sector (Staffing) 2 of 3
Type (Merger) 1 of 1
Country (Norway) 16 of 17
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Tivian

Cologne, Germany

Tivian is an employee-centric end-to-end HR platform that allows companies to bring personalized communications and experiences to their workforce. Through advanced analytics and cutting-edge AI technology, Tivian helps great organizations harness experience data to gain deeper business insights and deploy customized communications to engage their employees. Tivian is based in Cologne, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Vow Green Metals

Lysaker, Norway

Vow Green Metals produces and sells biocarbon and CO2 neutral gas in Norway. The company also offers bio-oil and bioenergy. Vow Green Metals was founded in 2021 and is based in Lysaker, Norway.

Buy -