Scopus Engineering
Survey and engineering services
Contributing Sustainable Development Goals
Background
We partnered with the ambitious, entrepreneurial founders of Scopus Engineering, providing a minority investment in March 2013. They are a leading provider of engineering and precision survey services to the global energy sector, primarily international oil companies and major engineering firms.
Scopus had created a compelling and distinct service offering in a very large and untapped market with high barriers to entry. Demand was unpinned by robust maintenance-driven requirements and Scopus had deeply embedded customer relationships and was well known for providing a high quality service. The business had achieved rapid growth and strong financial performance with plenty more to go for.
The business had received inbound approaches from both trade buyers and private equity investors, and GCP was their preferred investor due to our partnership approach, flexible structuring, and shared ethos and values.
The business doubled profitability over two years to FY14, and in December 2014, we worked alongside management to achieve the successful sale of the business to a listed multinational, Amec Foster Wheeler.
Strategic Clarity
Business Shape
-
Strategy - Refined Scopus’ strategy which led to the development of an engineering offering; key to the strategic value of the business
-
International Expansion - Accelerated expansion of international operations
People & Organisation
Leadership
-
Senior Team - Hands-on support to bring in a new Chairman, CFO and senior engineering resource
Talent & Culture
-
Recruitment Engine - Headcount up 80%+ in 18 months
-
L&D - Invested to create a market leading development programme and training facility
Platform for Success
Finance and Operations
-
Finance Function - Developed the finance team, systems and processes
Delivering the Best Outcome
-
High-Quality Delivery - Flexible GCP structure (minority stake with no external debt) to meet shareholders’ needs and give the business the best platform for growth