Sandy Brown is delighted to announce that a majority interest in the Company has been acquired by Lonsdale Capital Partners (“Lonsdale”). Lonsdale is a UK-based private equity firm which invests primarily in small and medium-size companies which have strong management and good growth prospects.
This is Lonsdale’s third deal in the last twelve months. Oteac is a market leader on providing integrated fire and safety services, both offshore in the oil and gas sector, and onshore in the UK. The tougher regulatory environment has led to much stricter requirements on the company’s clients for Oteac’s engineering services.
Oteac was acquired by Sandy Brown in 2007 and Bill Hogarty joined in 2009.