Scopus Engineering

Provider of electronic survey and engineering services to the oil & gas sector

  • Sector: Oil & Gas
  • Location: Scotland
  • Website: www.scopuseng.com
  • Date of investment: Mar-13
  • Exit date: Dec-14
  • GCP board member: Kirsty McDonald

About

Provides electronic survey and engineering services to the upstream oil and gas industry around the world
Enables its customers to achieve ‘first time fit’ on repair and maintenance jobs
Offices in the UK, Malaysia, Brunei, Azerbaijan and Abu Dhabi

Why we invested

Strong track record of rapid growth, a compelling proposition and a leading competitive position, underpinned by its high quality service, deep customer relationships and its world-first Training Academy
Benefits from favourable market dynamics, including the ever-increasing maintenance spend in the global offshore oil and gas sector
Entrepreneurial, founder-led team with deep sector knowledge
Ambitious and well-placed for further rapid growth – including further international expansion and through its engineering services

How we made a difference

Provided a flexible funding solution which allowed the founders to take to realise some value, access funds to support the growth of business and begin a long term succession process – all while retaining control of the business
Working with management to grow the senior team, including recruitment of Scopus’ first CFO
Provided access to a broad network of contacts, particularly to further develop Scopus’ financial management and strategic plans
GCP worked alongside management to achieve the successful sale of the business to the listed multinational, Amec Foster Wheeler

GCP provided new investment to fuel our ambitious plans to expand the business and to build on our leading market position

Andy Inglis Founder of Scopus Engineering