Offshore staff
DUBAI, UAE — Private equity firm Bluewater, a specialist investor in the energy sector, has sold engineering group Kent to Saudi Arabian contractor Nesma & Partners.
Bluewater acquired the company, known at the time as Kentech, in 2015. Kent’s revenues have since risen sevenfold to $1.4 billion.
Outside Dubai, the company has offices in the US, China, UK, India and Australia, and it is supporting projects in more than 20 countries. In 2021 Kent grew its capabilities through acquiring SNC Lavalin’s energy business.
It now serves the oil and gas, hydrogen, carbon capture, offshore wind, energy and waste sectors.
Board changes
As part of the changes to the board of directors, Kent bids farewell to Mark Dickinson and Marcello Stroppa from Bluewater, Jim Moffat and John Kent. Kent's role as chief energy transition officer will be replaced.
The board has welcomed Driek Desmet, a former McKinsey senior partner; Gary Parke, an authority in energy transition; and Samer Abdul Samad, president and CEO of Nesma & Partners. There will be another independent director joining the board in the coming months.
02.01.2024
