CR Asia Pte Ltd
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CR Asia Pte Ltd - overview
Established
1991
Location
-, -, Singapore
Primary Industry
Business Support Services
About
Based in Singapore, and founded in 1991, CR Asia Pte Ltd operates as a maintenance contractor to various onshore and offshore facilities throughout Asia. As of October 2021, the company is being led by its Managing Director, Mark Stansfield, and it employs more than 4,500 employees and has permanent facilities in Singapore, Thailand, India, and Malaysia. The company’s client portfolio includes Petronas, IndianOil, Shell, Pertamina, BLCP Power, Reliance Industries, TechnipFMC, etc, and many more from over 18 Asian countries. In November 2021, ShawKwei & Partners acquired CR Asia Group from Joh.
Mourik & Co. Holding B. V. and Arabian Pipeline & Services Co.
Ltd. , and other minority shareholders for USD 101 million. CR Asia Pte Ltd provides mechanical and plant maintenance, industrial cleaning, plant upgrade, catalyst charging and discharging, pipeline and process services, shutdowns and turnarounds, as well as engineering, procurement, plant revamp, construction, and EPCC services to oil, gas, chemical, petrochemical, refining, energy and other heavy industries. Additionally, the company offers certified training programs in several areas of expertise including mechanical, chemical handling, high-pressure water jetting, and Health, Safety & Environment (HSE), etc.
, which are customizable according to the client's requirements. The acquisition by ShawKwei & Partners will support the company’s investments in automation technologies for reducing carbon emissions.
Current Investors
ShawKwei & Partners
Primary Industry
Business Support Services
Sub Industries
Facilities & Maintenance Services, Engineering, Power & Utilities, Construction
Website
www.crasia.net
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
CR Asia Pte Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | CR Asia Pte Ltd | - |
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