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Muckle advises 3t Energy on transformational acquisition

Muckle advises 3t Energy on transformational acquisition

3t Energy Group, backed by Blue Water Private Equity, is a market-leading provider of training, technology and simulation solutions.

3t counts the likes of BP, Shell, Total, Wood, Saudi Aramco, Transocean and Schlumberger among its clients.

The challenge

3t is committed to providing the very best training to the energy industry and is consistently looking to extend its customer offering through expansion and acquisition.

We previously advised Blue Water on its private equity investment into 3t, its acquisition of AIS and merger with existing portfolio group Drilling Systems in 2017. Since then we have continued to advise 3t, most notably on its acquisition of the Survivex group in 2018.

The solution

In 2021 we supported 3t in its acquisition of Petrofac’s UK based training business, its fourth acquisition in 3 years. The purchase includes Petrofac’s Survival and Marine, Health and Safety, Fire, and Major Emergency Management capability and facilities in Scotland.

The transaction was complicated by the requirement for a pre-completion re-organisation to separate Petrofac’s UK training business from its wider business and was structured as a split exchange and completion.

The impact

3t Energy will now become a supplier to Petrofac for its in-person UK training requirements, which consolidates it as the UK’s largest provider of global energy training services.

The transaction was significant for 3T, which develops training technology such as virtual reality, augmented reality, mobile apps and software to manage competency and training as the transaction makes it the UK’s largest provider of global energy training services.

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