Oil & gas consultancy EPI Group lands £4.75m
UK-headquartered company will use funding for strategic mergers and acquisitions and to expand its range of services
EPI Group, a global oil & gas consultancy, has secured a £4.75m flexible debt package from Connection Capital.
Established in 1987, EPI Group in specialises in technology and techniques for technically-challenging exploration projects for oil and gas in landscapes such as deserts, swamps, jungles, urban or arctic areas.
The company’s bespoke service covers project design, costing, performance risk reviews, risk management and process tracking. It claims to be the second largest provider of ‘seismic QC services’, with clients including BP, Shell, ExxonMobil and Repsol.
EPI will use the investment for strategic mergers and acquisitions (M&A), to diversify its service offering and expand its reach. Headquartered in the UK, the company currently has offices in places as far as Perth, Australia and Houston in the US.
Richard Bradley, chief financial officer of EPI, commented: “Accessing the necessary capital to expand and develop our services now is vital, as the nascent recovery gains traction, generating significant new organic and M&A business opportunities, so we are delighted to have secured this loan investment from Connection Capital.”
Claire Madden, partner at Connection Capital, added: “EPI has a strong track record and multinational blue-chip client base, so opening the way for it to implement its ambitious growth plans at this critical point in the cycle should be a win-win for both the company and our clients.”