Blue Water Energy

Blue Water Energy is a private equity firm established in 2011 and headquartered in London, United Kingdom. The firm specializes in investing in the energy sector, particularly in the areas of energy exploration, upstream equipment and services, as well as midstream and downstream equipment and services. With a focus on the middle market, Blue Water Energy seeks to identify and support growth opportunities within the energy industry, leveraging its expertise to foster development and innovation.

Thomas Sikorski

Founding Partner

Graeme Sword

Founding Partner

27 past transactions

IMServ

Acquisition in 2021
IMServ is a provider of independent energy data management services in the United Kingdom, specializing in the electricity, gas, and water sectors. The company focuses on energy data collection, advanced metering, and smart metering solutions. IMServ offers energy efficiency and visualization tools, along with user-friendly online data management analysis and reporting software. This enables customers to effectively manage and optimize their energy use through informed decision-making.

Global Energy Storage

Private Equity Round in 2021
Global Energy Storage is a company focused on developing energy storage assets to support the transition to sustainable energy. The company invests in both existing and new projects, primarily targeting brownfield and greenfield sites in Europe and Asia. By building a network of energy storage solutions, Global Energy Storage aims to enhance infrastructure that enables clients to adopt low-carbon energy practices, thereby facilitating a shift towards greener energy usage.

Jernbro Industrial Services

Acquisition in 2020
Jernbro industrial Services is Sweden's leading player in industrial maintenance, offers energy investigation, maintenance agreements, etc.

Severn

Private Equity Round in 2019
Severn is a manufacturer and designer of high-quality valves tailored for the energy sector, including oil and gas, petrochemical, power, and subsea industries. The company produces a range of products such as severe service control valves, choke valves, and general service valves, along with associated actuators and peripheral equipment. Severn also specializes in bespoke solutions, offering custom-built control and choke valves for specific applications. In addition to manufacturing, the company provides comprehensive valve management support to its clients, ensuring optimal performance and reliability in demanding environments.

Varel Energy Solutions

Acquisition in 2019
Varel International Energy Services, Inc. is a holding company based in Carrollton, Texas, that operates through its subsidiaries, primarily focused on the manufacturing and sale of downhole drilling tools and completion products for the energy industry. Established in 2008, the company offers a comprehensive range of products, including roller cone bits, fixed cutter drill bits, and various cementing equipment. Varel serves multiple sectors, including oil and gas, renewable energy, and industrial markets, providing innovative solutions that ensure efficient and reliable drilling operations. With a strong emphasis on design and production efficiency, Varel International is well-positioned to deliver high-quality downhole tools that meet the diverse needs of its clients.

AXESS Networks Solutions

Acquisition in 2019
AXESS Networks Solutions is a provider of satellite-based and terrestrial communications services, catering to a diverse range of sectors including oil and gas, mining, telecommunications, maritime, corporate entities, broadcasting, and government organizations. The company operates teleports and offers various services such as satellite internet access, satellite telephony, and business continuity solutions. Their business continuity service ensures that clients maintain uninterrupted application access through a satellite link during contingency situations. By delivering global coverage, AXESS Networks Solutions effectively addresses the communication needs of its industrial, corporate, utility, infrastructure, and government customers.

Pipeline Technique

Acquisition in 2019
Pipeline Technique Limited is a prominent provider of pipeline construction contracting services tailored for the oil and gas industry, both in the United Kingdom and internationally. Established in 1998 and headquartered in Huntly, UK, the company specializes in a variety of services, including riser welding, deep and ultra-deep water projects, landlines, subsea production systems, and general fabrication and field joint coating. Additionally, Pipeline Technique offers value-added products such as counterboring, pipe sorting and matching, along with research and development in processes and materials. The company maintains a global presence with offices in Humble, Texas; Petaling Jaya, Malaysia; and São Paulo, Brazil.

Apex International Energy Management

Private Equity Round in 2018
Apex International Energy Management LLC is an independent oil and gas exploration and production company based in Houston, Texas, with an additional office in Cairo, Egypt. Founded in 2016, the company focuses on upstream growth opportunities in Egypt and the broader Middle East and North Africa region. Apex engages in asset acquisitions and capital investments aimed at enhancing drilling and production capabilities, thereby fostering long-term growth in reserves and production. The company operates in the prolific Western Desert of Egypt, where it conducts exploration activities on concessions covering approximately 1.7 million acres under production sharing agreements. With a leadership team experienced in building profitable oil and gas operations, Apex is actively pursuing various opportunities, including producing assets, new developments, and exploration through license rounds and direct awards from host governments.

Edge Energy

Private Equity Round in 2018
Edge Energy is a oil and gas company that converts, supply and stores stranded and flared natural gas to LNG.

Techouse AS

Acquisition in 2018
Techouse AS is a Norwegian company specializing in the design and manufacture of advanced water treatment solutions and waste heat recovery systems for the offshore oil and gas sector. Founded in 2002 and headquartered in Oslo, the company provides a range of water technology equipment, including sulphate removal units, membrane deaeration units, and various filtration units, alongside comprehensive waste heat recovery systems like Waste Heat Recovery Units and Heat Recovery Steam Generators. In addition, Techouse offers specialized products such as air oil separators, lube oil systems, and hydraulic starters, catering to the needs of major oil companies and engineering contractors globally. With a workforce of about 50 employees, Techouse AS is recognized for its commitment to energy efficiency and innovative engineering solutions in the international oil and gas industry.

3T Energy Group

Acquisition in 2018
3T Energy Group specializes in providing industrial training and simulation services for the energy sector. By leveraging technology such as simulators, e-learning, virtual reality, and integrated software, the company offers a comprehensive range of training services aimed at enhancing the skills, knowledge, and performance of energy sector personnel. Through their innovative approach, 3T Energy Group aims to transform the global energy industry by increasing business efficiency and driving standards of health and safety, ultimately preparing the future workforce with the necessary education and training.

ROVOP

Private Equity Round in 2017
ROVOP Ltd is an independent provider of subsea remotely operated vehicle (ROV) services, catering to the oil and gas, offshore wind, telecommunications, and power transmission sectors both in the United Kingdom and internationally. Founded in 2011 and headquartered in Aberdeen, the company also operates a location in Houston, Texas. ROVOP offers a comprehensive array of services, including drill support, construction, inspection, repair, and maintenance of subsea infrastructure. Their ROV capabilities extend to supporting survey operations, laying cables and pipes, as well as conducting decommissioning activities such as visual inspections, debris removal, and sample collection. By leveraging their expertise in ROV operations, ROVOP ensures tailored solutions to meet the specific operational needs of their diverse client base.

Authentix

Acquisition in 2017
Authentix, Inc. is a provider of authentication solutions based in Addison, Texas, serving governments, central banks, and various commercial sectors globally. Established in 1996 and formerly known as Isotag Technology, Inc., the company specializes in nano-technology-based authentication for products and packaging, including pharmaceuticals, spirits, food items, and fuel. Authentix offers comprehensive product traceability systems, global field monitoring services, and program management solutions to enhance asset protection and risk management. Its services extend to currency security, excise tax recovery, and consultation for risk analysis and solutions design. The company plays a vital role in combating fraud, counterfeiting, and smuggling, thereby ensuring the integrity of brands and the security of supply chains across industries such as oil and gas, healthcare, and consumer goods.

Mime Petroleum

Private Equity Round in 2017
Mime Petroleum is an exploration, development, and production company operating on the Norwegian Continental Shelf. The company is dedicated to hydrocarbon development, specializing in the discovery and production of oil and gas fields. With a vision to establish itself as a leading independent exploration and production entity in the region, Mime Petroleum aims to build a substantial portfolio of producing and commercial reserves while actively engaging in post-acquisition investment efforts. The company is headquartered in Oslo, Norway, and is led by Executive Chairman Sverre Skogen.

Influit Production Solutions

Private Equity Round in 2017
Influit Production Solutions specializes in providing engineering and project management services for the oil and gas industry, focusing on the design and delivery of topside process systems. The company’s team of chartered engineers possesses extensive experience in detailed engineering, conceptual projects, equipment design, and procurement, ensuring that projects are approached with a strong emphasis on safety, environmental considerations, scheduling, and cost-effectiveness. By streamlining operations and reducing unnecessary complexities, Influit aims to enhance production capabilities for oil and gas operators worldwide, including services related to seawater and produced water treatment and injection.

Optilan

Acquisition in 2017
Optilan is a global provider of communication and security systems integration services. Founded in 1990, the company offers comprehensive solutions from design through to site commissioning and support, catering to various industries including energy, transportation, infrastructure, and industrial sectors. Optilan's expertise spans integrated telecoms, pipeline integrity systems, and critical infrastructure support. The company is known for its dedicated workforce and a culture of passion, hard work, and teamwork, ensuring mission-critical, efficient, and innovative solutions tailored to meet client needs.

Galileo Technologies

Private Equity Round in 2016
Galileo Technologies has established its self as a global supplier of technology in the gas compression sector with a full state-of-the-art product suite of Compressed Natural Gas (“CNG”) and micro to small scale Liquefied Natural Gas (“LNG”) solutions.

PX

Acquisition in 2016
PX Group is a provider of engineering consulting, plant operations, and energy trading services, specializing in high-hazard and highly regulated environments. The company offers a wide range of services, including commercial management, consultancy, construction and commissioning support, and process optimization for both small startups and large multinational organizations. Its project development capabilities encompass the management of planning processes, environmental impact assessments, design reviews, and EPC management. PX Group operates across various sectors, including power, gas, fuel storage, waste management, biofuels, renewable energy, petrochemicals, water treatment, and desalination, fostering deep-rooted partnerships with its clients through comprehensive and integrated service offerings.

Excellence Logging

Private Equity Round in 2015
Excellence Logging is an oilfield service company that specializes in surface data logging, slickline services, and geology consulting. Operating in regions such as North America, Europe, Latin America, Asia, and West Africa, the company focuses on providing technically advanced solutions for geological evaluation and drilling monitoring. Excellence Logging offers a range of services, including mud logging, pore pressure prediction, and expert consultancy, utilizing dedicated technologies to enhance service delivery. This approach enables clients in the oil, gas, and geothermal sectors to improve the geological assessment, drilling processes, and overall production management of various types of oil wells.

Kentech Group

Private Equity Round in 2015
Kentech is a diversified electrical services provider with core capabilities that include the provision of multi-discipline engineering, procurement, construction, commissioning and maintenance services across a range of energy and industrial facilities in key growth regions around the world.

Kent

Acquisition in 2015
We design, build and maintain the assets that power the world for today and make it future-ready for tomorrow. ​​ From consulting to design, build, commissioning and start-up through to maintenance and decommissioning. It is our ambition to become the global leader in integrated energy services. ​ We’re more than prepared to meet the challenges of our industry today. We’re also future-ready – for new and innovative energy solutions in more locations, and across more disciplines than ever before. ​ We’re large enough to offer every skill and capability. Small enough to be agile and make decisions on the ground, right where they’re needed. ​​ That helps us put our clients at the top of their game. And puts us at the top of ours.

Wellesley Petroleum

Private Equity Round in 2015
Wellesley Petroleum specializes in hydrocarbon exploration in Norway, operating primarily on the Norwegian continental shelf. The company has assembled a team of experienced industry professionals and is qualified as an operator. In 2017, Wellesley drilled its first operated well, marking a significant milestone in its development. The company's strategy involves generating technically and commercially attractive exploration prospects, accessing substantial acreage through license rounds and business initiatives, and planning a sustainable drilling campaign targeting high-ranking exploration sites. Wellesley is committed to building a robust exploration business by ensuring financial flexibility to advance discoveries and creating long-term value.

3T Energy Group

Private Equity Round in 2015
3T Energy Group specializes in providing industrial training and simulation services for the energy sector. By leveraging technology such as simulators, e-learning, virtual reality, and integrated software, the company offers a comprehensive range of training services aimed at enhancing the skills, knowledge, and performance of energy sector personnel. Through their innovative approach, 3T Energy Group aims to transform the global energy industry by increasing business efficiency and driving standards of health and safety, ultimately preparing the future workforce with the necessary education and training.

Siccar Point Energy

Private Equity Round in 2014
Siccar Point Energy Limited is an oil and gas exploration and production company based in Aberdeen, United Kingdom. Founded in 2014, it focuses on the exploration, development, and production of hydrocarbon resources primarily in the North Sea. The company holds interests in several key areas, including Schiehallion, Jade, Rosebank, Cambo, Blackrock, Lyon, Mariner, Suilven, and Tornado. Siccar Point Energy aims to unlock significant development and exploration opportunities within its asset portfolio, contributing to the energy sector in the UK.

Unique Group

Private Equity Round in 2014
Unique Group is an independently owned global company that specializes in providing engineering expertise and integrated turnkey solutions for the marine, diving, pipeline, and subsea markets. The company manufactures and supplies a wide range of products, including survey equipment, buoyancy and ballast systems, diving and life support tools, and various marine equipment. In addition to sales, Unique Group offers rental services and advanced technology support tailored to meet the needs of clients in the international energy industry, including the oil and gas sectors. With a commitment to innovation and quality, Unique Group serves as a reliable partner for integrated engineering support worldwide.

Techouse AS

Private Equity Round in 2013
Techouse AS is a Norwegian company specializing in the design and manufacture of advanced water treatment solutions and waste heat recovery systems for the offshore oil and gas sector. Founded in 2002 and headquartered in Oslo, the company provides a range of water technology equipment, including sulphate removal units, membrane deaeration units, and various filtration units, alongside comprehensive waste heat recovery systems like Waste Heat Recovery Units and Heat Recovery Steam Generators. In addition, Techouse offers specialized products such as air oil separators, lube oil systems, and hydraulic starters, catering to the needs of major oil companies and engineering contractors globally. With a workforce of about 50 employees, Techouse AS is recognized for its commitment to energy efficiency and innovative engineering solutions in the international oil and gas industry.

Epic Midstream

Acquisition in 2012
Epic Midstream is an independent provider of liquid bulk storage and logistics solutions, primarily serving clients in the oil and gas sector across the United States. The company specializes in managing the storage and transportation needs of various market participants, effectively bridging the gap between supply and demand centers. Epic Midstream focuses on acquiring water-based hydrocarbon storage assets, including a terminal in Savannah, Georgia, as well as multiple jet-fuel terminals. By employing efficient logistics planning and expert management, Epic Midstream tailors its services to meet the unique requirements of its clients, ensuring reliable and flexible solutions in the midstream sector.
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