Glacier Energy Services said yesterday it had completed its sixth acquisition and restructured itself into four divisions.
The firm has just snapped up Granite City-based MSL Heat Transfer, which has a core team of 12 people designing, manufacturing and repairing radiators and coolers.
Glacier, which is run from offices in Aberdeen and Glasgow, did not say how much it paid in its latest takeover swoop.
But a spokesman said it was in seven figures and took the total value of the group’s acquisitions to date to £15million.
Cashing in on the latest deal is Len Hubert, who founded and owned MSL Heat Transfer, and is staying with the business under its new parent.
Glacier was formed around the buyout of two divisions of MB Aerospace – pipeline machining company Roberts and welding service specialist Wellclad – in March 2011.
It now has a 215-strong workforce, with group turnover for the current trading year expected to exceed £25million.
The group’s companies operate from industrial premises in Aberdeen, Glasgow, Dalgety Bay and Methil in Fife, Newcastle and Singapore.
Glacier said its latest acquisition was expected to secure first-year turnover of £2million.
It complements Ross Offshore, the Aberdeen-based specialist in heat exchanger repair and refurbishment services snapped up by the group last year.
Glacier said its restructuring into four divisions allowed it to focus on subsidiaries “core capabilities, delivering specialist services for energy infrastructure onsite in any global location and at its workshops across the UK and in south-east Asia”.
Its onsite machining division comprises Roberts Pipeline Machining and Site Machining Services.
The group’s heat transfer repair and refurbishment arm includes Ross Offshore and MSL Heat Transfer.
Glacier companies Professional Testing Services and Wellclad represent the new non-destructive testing and pressure control equipment divisions respectively.
Aberdeen-based executive chairman Scott Martin said: “The group has developed into a significant partner for operators and major service companies worldwide, fuelling our growth strategy.
“Our divisions provide vital engineering services in support of major capex (capital expenditure) and opex (operating expenditure) projects – specialist services vital to the safe operation of assets and energy infrastructure globally.
“Our customers raise an issue and our teams, renowned for their expertise and ability to develop bespoke solutions onsite or in the workshop, provide the fix.”
He added: “Rationalising the six businesses within Glacier into four divisions allows us to focus their efforts on further developing our strong reputation.”
MSL Heat Transfer provides services to oil and gas operators, service providers and drilling contractors.
Mr Hubert said: “I have worked in the same marketplace as Glacier and Ross Offshore for many years and I am pleased to see MSL become part of a progressive group, with an international footprint.
“After a year of continuous growth we have an opportunity to work alongside the wider Glacier group companies to offer even greater value for our clients.”