Private equity investors One Equity Partners and Buckthorn Partners acquired offshore energy infrastructure player Acteon Group Ltd., the companies announced March 27.

U.K.-based Acteon Group provides specialist engineering, technology applications and other services to customers in offshore oil, gas and renewables. The firm was founded in 1989 and employs 2,300 staff from 58 locations around the globe, according to a news release.

Buckthorn Partners and One Equity Partners (OEP) “are making a substantial investment” to enable Acteon to compete more strongly in its core markets, the companies said. Financial terms of the acquisition were not disclosed.

Buckthorn and OEP will focus on building out Acteon’s capabilities in survey, foundations, moorings, decommissioning and consulting engineering services.

In conjunction with the acquisition, Brice Bouffard was appointed as CEO of Acteon.

OEP is leading the transaction, in which Buckthorn is partnering as a co-investor, according to an OEP press release.

“We are pleased to have One Equity Partners as our investment partner to help us capture the significant opportunity to grow in our target markets,” Bouffard said in OEP’s release. “OEP’s deep industrial expertise will be invaluable to us as we engage in initiatives that will increase operational efficiencies, develop more advanced services for our customers, and make us a stronger competitor in our core products and service areas.”

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