Offshore environmental services and equipment provider, MSIS strengthened its board and boosted its balance sheet.
It has appointed industry veteran John Forrest as new non-executive chairman and recently secured a £20 million investment from Primary Capital Partners LLP.
Over the last two years, the MSIS has made substantial investment in equipment and facilities at its bases in Invergordon and Aberdeen, including investing in a new industrial wash bay, which will be officially unveiled at a site open day tomorrow (13 Nov 2015).
Currently chairman of PDG Helicopters and Task Fronterra, Forrest has provided Board-level leadership to several fast growing companies and has broad experience of the upstream section, in particular in HSE leadership, asset management and operations. He is a past chairman of the Industry flagship organisation Step Change in Safety.
After graduating from Heriot Watt University in chemical engineering, Forrest started his career in oil and gas as an engineer and offshore supervisor for Mobil, where he worked on and offshore for more than 16 years. He led the start-up team during the successful Beryl Bravo platform commissioning and was director for the company’s Dutch and UK North Sea operations.
He said: “I see several exciting opportunities to grow MSIS, via both organic growth and acquisition. The company is already very well positioned to expand its service offering and increase its international footprint in selected regions”.