Floating Energy Solutions Provider for Sale
For Sale: Leading Provider of Floating Production and Renewable Energy Solutions in Singapore
A Pioneer in Energy Transition
This Singapore-based company, founded 10 years ago by industry veterans, offers comprehensive services to the global offshore oil and gas and renewable energy sectors. With a strong commitment to sustainable energy, the company leverages its extensive offshore expertise to develop innovative solutions for the burgeoning renewable energy market. Operating from strategic locations across Asia, Africa, and Latin America, the company boasts a significant global reach.
Core Business Units:
Floating Production Services: Specializing in medium-sized converted/refurbished FPSOs and early production solutions, primarily serving Asia, Africa, and South America. Focusing on rapid commercialization, this unit leverages strong commercial acumen, technical expertise, and a robust partner network. They also develop class-approved offshore renewable products like FAPSOs (floating ammonia plants) and FSSs (floating substations) in partnership with leading technology providers. Key capabilities include:
Development, construction, ownership, and operation of floating production units (FPSOs, FSOs, FSRUs).
EPCM (Engineering, Procurement, Construction, and Management) for floating production systems, emphasizing HSE, quality, sustainability, and compliance.
A global network of vendors, contractors, and shipyards.
A strong in-house project execution team.
Engineering: Providing bespoke engineering services throughout the project lifecycle. The Singapore-based team is supported by the OilTech 21 design office in India, offering a cost-effective and scalable solution. Specializing in floating solutions, services include:
Marine and naval architecture.
Mooring system and turret design.
Topside design, power system optimization, and E-house/control systems.
Gas handling and processing, interface management, and offshore substation design.
A comprehensive suite of engineering standard documentation.
Project Execution: Managing complex projects from engineering and procurement to fabrication, integration, and commissioning. This division ensures seamless collaboration between teams, subcontractors, and shipyards. Key features include:
A highly skilled in-house project execution team.
Utilization of project management software (Primavera and PEGASUS) and an extensive project database.
Emphasis on frontloading engineering and procurement.
Rigorous commissioning processes.
Operations & Asset Management (AMO): Focusing on risk mitigation, operational stability, continuity, and safety. The AMO group employs a risk-based strategy, incorporating best practices and ALARP principles, and optimizes OPEX. Early AMO team involvement ensures smooth commissioning and start-up. The PAL system, a 16-module software suite, facilitates real-time data access.
Renewables & Hybrid Energy (RHE): A leading provider of field development, construction, installation, operation, and maintenance services for fixed and floating offshore wind, wave, and tidal projects. Services span the entire project lifecycle, including:
Development and project initiation.
Feasibility studies and basic engineering.
Permitting and power purchasing agreements.
Owner's Engineer, PMC (Project Management Consulting), and EPICOM services.
Utilization of software like Wind Pro, PV SYS, and Homar.
Offshore Installation & Tailored Project Services: Offering a range of services from design review to installation engineering and marine coordination for offshore and floating wind farm development.
Project Development: Collaborating with leading power producers, the company co-invests and co-develops power generation projects, particularly bespoke renewable and hybrid energy solutions.
Green Hydrogen, Ammonia, and Hybrids: Leveraging renewable energy expertise to drive decarbonization. The company designs and builds Balance of Plant solutions, including FAPSOs and FADCs (Floating AC & DC Substations) powered by hybrid energy solutions.
Financial Highlights:
Revenue: USD 32.8 million
Profit After Tax: USD 19.7 million
Asking Price: USD 300 million
This company presents a compelling investment opportunity for those seeking exposure to the high-growth floating production and renewable energy markets.
How Gold House M&A Can Help with Acquisitions (Buy-Side)
For companies seeking to grow through acquisitions, Gold House M&A offers invaluable buy-side advisory services. We guide clients through every stage of the process, from initial target identification to post-acquisition integration, maximizing the chances of a successful and value-creating transaction.
Our Buy-Side Services:
Target Identification:
Strategic Alignment: We work closely with clients to define clear acquisition criteria aligned with their strategic objectives, ensuring targets complement their existing business and long-term vision.
Industry Expertise: Leveraging our deep industry knowledge and extensive network, we identify potential targets, including off-market opportunities, that may not be readily apparent.
Target Screening: We conduct rigorous analysis of potential targets, evaluating financials, operations, market position, and cultural fit to create a shortlist of the most promising candidates.
Due Diligence:
Comprehensive Analysis: We lead comprehensive due diligence efforts, scrutinizing the target's financial statements, legal documents, customer contracts, and operational performance to uncover potential risks and opportunities.
Risk Assessment: Our team identifies and assesses potential liabilities and risks associated with the acquisition, providing a clear and objective understanding of the target's strengths and weaknesses.
Valuation: We perform independent valuations of the target company to ensure the proposed purchase price is fair and justifiable, protecting the buyer's investment.
Deal Negotiation:
Deal Structuring: We advise on optimal deal structuring, considering various factors such as payment methods, earn-outs, and contingencies to maximize value for the buyer.
Negotiation Expertise: Our experienced negotiators represent the buyer's interests, working diligently to secure favorable deal terms, including price, representations and warranties, and closing conditions.
Protecting Interests: We advocate for our clients throughout the negotiation process, ensuring a balanced and advantageous deal that aligns with their strategic goals.
Transaction Management:
Process Management: We oversee the entire transaction process, coordinating with legal, financial, and other advisors to ensure a smooth and efficient closing.
Timeline Management: We manage critical deadlines and milestones to keep the deal on track and minimize potential delays or complications.
Communication: We facilitate clear and consistent communication between the buyer and seller, fostering transparency and alignment throughout the process.
Post-Acquisition Integration:
Integration Planning: We assist with post-acquisition integration planning, helping the buyer develop a comprehensive strategy for seamlessly combining the acquired business with their existing operations.
Value Realization: We support the integration process and track key performance indicators to measure the success of the acquisition in achieving its strategic and financial objectives.
The Gold House M&A Advantage:
Expertise: Deep industry knowledge, extensive transaction experience, and strong analytical skills.
Efficiency: Streamlined process management, saving clients valuable time and resources.
Objectivity: Independent advice and an unbiased perspective throughout the acquisition process.
Value Creation: Maximizing deal value through strategic target selection, thorough due diligence, effective negotiation, and seamless transaction management.
By partnering with Gold House M&A, companies can significantly improve their chances of executing a successful acquisition that delivers on its strategic and financial promises.
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