MacKellar Sub-Sea and its related company, Tritech Nairn, have been sold out of Administration to Ferguson Marine Engineering – a subsidiary of Clyde Blowers Capital, the mid-market private equity investor in manufacturing and industrial businesses.
The deal, which is for an undisclosed sum, secures 73 highly skilled jobs based in the Highlands and the future of two important engineering businesses in Grantown-on-Spey.
Both businesses continue to trade as normal and all staff have transferred to the new company with immediate effect.
MacKellar Sub-Sea is one of Scotland’s leading specialist sub-sea oil and gas engineering and fabrication businesses. The company has a niche expertise in sub-sea wellhead protection systems, tree frames, guide bases, offshore transportation systems and hydro-electric turbines. The complementary business of Tritech Nairn Ltd, one of Scotland’s leading grit-blasting and painting facilities, operates from the former RAF base in Kinloss.
Jim McColl (OBE) Chairman, Clyde Blowers Capital, said: “We have a strategic vision to transform Ferguson into a leading marine engineering business and key pillars of this strategy are to enhance our service offering and increase our presence in attractive end markets.
“Ferguson’s acquisition of MacKellar Sub-Sea, which has a strong track record in the niche subsea oil and gas market, will help to achieve these objectives.
“We look forward to working with the existing management team to integrate and grow the business and are also delighted to welcome MacKellar’s loyal workforce to the group after a period of uncertainty.”
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