BGF invests £10m in Frontrow

As part of the deal, the company's founders invested £3m to support its growth plans, while BGF investor Mike Sibson will take a seat on the Frontrow board.

The fresh capital will enable Frontrow to fund the development of new energy-related technology companies in the north-east of Scotland.

BGF has made a number of investments in the UK oil & gas sector, including two businesses at which Frontrow founder Graeme Coutts is chairperson: isolation services company Stats Petrotechnics and Spex Group, an explosives, cutting, punching and abandonment specialist.

Company
Founded in 2013 and headquartered in Dyce, Aberdeenshire, Energy Technology Group is an energy services business. Currently the group is comprised of oil well data collection brand Well-Sense, well-head maintenance company Well-Centric, and Interventek, a producer of subsea valves.

People
Business Growth Fund – Mike Sibson (investor).
Frontrow – Graeme Coutts (chairperson); Stuart Ferguson (CEO).

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• Topics
• Expansion
• UK / Ireland
• Industrials
• United Kingdom
• BGF (Business Growth Fund)