Phoenix’s Edif bolts on OST Energy

The deal marks Edif's 12th acquisition since it came under Phoenix ownership in February 2011. The acquisition was made via one of the company's divisions, Edif ERA.

Previous funding
Phoenix backed the management buyout of Edif in February 2011 in a deal worth £30m, according to unquote" data.

Phoenix invested £12m to bolt NDE Global Technical Services onto Edif in November 2011.

Company
OST is an engineering consultancy focused on technical advisory for the renewable energy market. The business focuses on advising commercial and technical risk for solar, wind, biomass and renewable heat and environmental services.

The company operates from offices in Europe, the Middle East, Africa, the US, Asia and Australia. The business is headquartered in Brighton and was founded in 2008.

Edif ERA provides engineering and consultancy services to reduce risk, optimise performance and enhance capability for companies.

Edif Group provides technical inspection, engineering and consultancy services, including vendor inspection, pipe mill surveillance, subsea, supply change management, drilling and completions, power engineering, asset integrity management, system and safety engineering services.

People
Oliver Soper is the founder and director of OST. Steve Lancaster is managing director of Edif ERA and Rob Dilworth is CEO of Edif Group.

Advisers
Equity - EY (Financial due diligence); Credo (Commercial due diligence); DLA Piper (Legal).

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