BGF injects additional £10m into Frontrow
BGF has invested an additional ТЃ10m in UK energy services firm Frontrow Energy Technology Group, alongside the company's management team.
The investment comes two years after BGF first invested £10m in a £13m funding round for Frontrow.
Since BGF's initial investment, the group has invested in product development and the expansion of its subsidiaries' capabilities. It has also invested in the acquisition of Clearwell Oilfield Solutions and Simmons Edeco Europe, in addition to launching downhole production technology company Pragma.
Company
Founded in 2013 and headquartered in Dyce, Aberdeenshire, Frontrow 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
Frontrow Energy Technology Group – Stuart Ferguson (CEO).
BGF – Mike Sibson (investor).
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