EnerMech Group has revealed that the firm has been acquired from Lime Rock Partners by private equity firm Carlyle Group.
The Aberdeen-headquartered offshore services firm is expected to be sold in Q4 2018 in a deal worth £450 million.
Capital for the investment will come from Carlyle International Energy Partners (CIEP), a £1.9 billion fund that invests in the global oil and gas sector outside North America.
The firm was formed ten years ago by chief executive Doug Duguid and chief financial officer Michael Buchan,
Both Mr Duguid and Mr Buchan will remain with the company in their current positions.
Mr Duguid described the deal as “positive news for staff and clients”.