Sabre Safety Services Limited is Acquired by Dundee-based Starn Group
Starn Group, a private equity-backed group of businesses focused on safety and delivering economic benefit to its customers, has recently added Sabre Safety Services to its growing portfolio alongside Safehouse Habitats (Scotland) Ltd. Safehouse offers a range of ‘habitats’ which control environments to achieve safe working conditions.
The Starn Group members work around the globe from regional hubs located in the UK, UAE, US, Australia and Malaysia as well as through various partners. The private equity funds which own Starn Group are Energy Growth Momentum and Simmons Private Equity, both of which are focused on investments in the energy industry.
Starn finance director Rick Clark said the group was delighted to bring Sabre into its portfolio alongside Safehouse.
“From an investor point of view, we saw Sabre as a business which was quite complementary to the Safehouse business that Starn already holds. The plan is to continue trading separately to start with until we really get our hands around the Sabre business and focus on growth potential.
“There is an expectation the market is improving in the North Sea and more widely. That is not showing up in the numbers yet, but it is in the level of inquiries and orders. What is different for Sabre is that, clearly, with a new company the financial strength is considerably improved. There is work out there and we should be able to get the company performing to the best of their abilities. Once we have got our arms around it we can look at the benefits of business development across both businesses. But for now, we are just delighted. They are a good team and it is a business that we have a lot of respect for. Two or three years ago, we had identified Sabre as a business that could help drive us, the wider Starn Energy project, forward. We are very pleased to be able to offer a home to Sabre and the people coming across.”
Doug Smith Managing Director of Sabre commented, “The acquisition of Sabre by Starn is a great opportunity for Sabre to benefit from the support and expertise that being part of a bigger organisation provides, as well as having a detailed growth plan and the means to execute these plans successfully. The whole team is excited and enjoying the opportunities and support we are already receiving. We are all looking forward to a successful future.”