Maven invests £5m into R&M Engineering MBO

The investment will be used to support the company's expansion into new services, including ‘build to ship' and the creation of a Laser Survey & Scanning division.

Company
Founded in 1979, R&M provides integrated engineering and fabrication services to the North Sea oil & gas industry. The company, which employs 70 people, operates out of purpose-built premises in Huntly, Aberdeenshire and takes on projects including hydraulic, pneumatic and electrical work. It provides products and services to customers in the oil & gas industry, as well as to tier-one contractors. The company's turnover currently stands at £13.8m.

R&M has recently expanded its services to offer ‘build to ship' for overseas customers.

The company's planned new division, Laser Survey & Scanning, will carry out 3D surveys, which it expects to result in a more complete and accurate service.

People
Following the deal, R&M founder and chairman Robbie Mackay will take on the role of non-executive director. The company's current managing director will continue to lead the management team, with Ronnie Mackay as finance director.

Jock Gardiner is a partner at Maven.

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