Add-on Acquisition • Energy Services and Equipment

Nesma & Partners Acquires Kent

On January 31, 2024, Nesma & Partners acquired energy services and equipment company Kent from Blue Water Energy

Acquisition Context
  • This is Nesma & Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Nesma & Partners’ 1st transaction in United Arab Emirates.

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M&A Deal Summary

Date January 31, 2024
Target Kent
Sector Energy Services and Equipment
Buyer(s) Nesma & Partners
Sellers(s) Blue Water Energy
Deal Type Add-on Acquisition

Target Company

Kent

Dubai, United Arab Emirates
Kent is a diversified electrical services provider with core capabilities that include the provision of multidiscipline engineering, procurement, construction, commissioning, and maintenance services across a range of energy and industrial facilities in key growth regions around the world. Kent was founded in 1994 and is based in Dubai, United Arab Emirates.
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Buyer Overview 1

Buyer

Nesma & Partners

Al Khobar, Saudi Arabia

Category Company
Founded 1981
Sector Construction
DESCRIPTION

Nesma & Partners is a contracting company. It delivers reliable and innovative solutions to some of the energy, construction, and infrastructure challenges. Nesma & Partners was founded in 1981 and is based in Al Khobar, Saudi Arabia.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Arab Emirates 1 of 1
Year: 2024 1 of 1

Seller Profile 1

DESCRIPTION

Blue Water Energy is a private equity firm focused on building energy companies. Blue Water looks to invest up to $150 million per project with a focus on production, upstream equipment and services, and midstream/downstream equipment and services. Blue Water typically invests in partnership with experienced management teams that have a track record of value creation. Blue Water Energy was formed in 2011 and is based in London.


Deal Context for Seller #
Overall 8 of 9
Sector: Energy Services and Equipment 5 of 6
Type: Add-on Acquisition 6 of 7
Country: United Arab Emirates 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-07 Techouse

Sandnes, Norway

Techouse is an offshore oil & gas industry. Techouse design, engineer and manufacture complete customized process packages, insuring optimized design in terms of weight, footprint and energy savings with a priority focus on HSE. Techouse was founded in 2002 and is based in Sandnes, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-22 Severn

Gloucestershire, United Kingdom

Severn focused on the design and manufacture of control valves and related products and in the provision of specialist support services to Oil & Gas, LNG, Power, and other process plant users. Severn was founded in 1961 and is based in Gloucestershire, United Kingdom.

Sell $480M