EnerMech Limited
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EnerMech Limited - overview
Established
2008
Location
Aberdeen, -, UK
Primary Industry
Business Support Services
About
Based in the UK, and founded in 2008, EnerMech Limited operates as an engineering firm that offers mechanical, electrical, and instrumentation services. The company was founded by Doug Duguid and Michael Buchan. In 2018, Carlyle Group acquired EnerMech Limited from Lime Rock Partners for a reported GBP 450 million. As of 2023, the company’s CEO is Christian Brown.
As of 2023, the company had 3,500 employees. EnerMech Limited provides a wide range of services, such as inspection services, leak detection, integrated pipeline services, pipeline maintenance, crane operations and maintenance, crane equipment, and spares, EnerLift crane rental solutions, lifting equipment and services, maintenance, repair, and overhaul (MRO) services, chemical cleaning, mechanical commissioning, and many more. In addition, the company offers a variety of training courses.
Current Investors
Carlyle Group
Primary Industry
Business Support Services
Sub Industries
Facilities & Maintenance Services, Equipment Rental & Leasing, Engineering, Education & Training Services, Oil & Gas Equipment and Services
Website
www.enermech.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
EnerMech Limited - timeline of key events
EnerMech Limited - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 26,768,000 | 73,072,000 | 101,066,000 | 131,549,000 | 141,696,000 | 123,705,000 | 128,282,000 | 116,125,000 | 105,046,000 | 90,651,000 | 71,647,000 | 90,499,000 | - | - | - |
| % Revenue Growth (YoY) | - | 173.0% | 38.3% | 30.2% | 7.7% | (12.7%) | 3.7% | (9.5%) | (9.5%) | (13.7%) | (21.0%) | 26.3% | - | - | - |
| EBITDA (USD) | (3,885,000) | 2,051,000 | 5,367,000 | 6,618,000 | 15,033,000 | 3,865,000 | 19,404,000 | 7,586,000 | (1,823,000) | (8,200,000) | (10,479,000) | 2,872,000 | - | - | - |
| Operating Income (USD) | (5,137,000) | (774,000) | 986,000 | 951,000 | 8,892,000 | (2,245,000) | 13,403,000 | 1,644,000 | (7,245,000) | (13,543,000) | (15,839,000) | (2,814,000) | - | - | - |
| Operating Margin | (19.2%) | (1.1%) | 1.0% | 0.7% | 6.3% | (1.8%) | 10.4% | 1.4% | (6.9%) | (14.9%) | (22.1%) | (3.1%) | - | - | - |
| % EBITDA Margin | (14.5%) | 2.8% | 5.3% | 5.0% | 10.6% | 3.1% | 15.1% | 6.5% | (1.7%) | (9.0%) | (14.6%) | 3.2% | - | - | - |
| NET Income (USD) | (5,364,000) | (1,854,000) | (1,320,000) | (2,778,000) | 4,518,000 | (8,709,000) | 5,986,000 | (6,591,000) | (17,867,000) | (21,729,000) | (20,361,000) | (4,541,000) | - | - | - |
| % Net Margin | (20.0%) | (2.5%) | (1.3%) | (2.1%) | 3.2% | (7.0%) | 4.7% | (5.7%) | (17.0%) | (24.0%) | (28.4%) | (5.0%) | - | - | - |
EnerMech Limited - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | EnerMech Limited | - | ||||||||
| Add-on | Completed | EnerMech Valve Tech | - | ||||||||
| Add-on | Completed | Water Weights International | - | ||||||||
| Buyout | Completed | EnerMech Limited | - |
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EnerMech Limited - employee data
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