Lonsdale originally acquired Oteac in 2013. It provides fire and safety services to the oil and gas, drilling, marine, public service and industrial/commercial sectors. In 2015 HVAC&R was added, providing business critical heating, ventilation and air conditioning solutions to the oil and gas sector.
Together they offer an enhanced engineering service for our customers’ safety needs. David Gasparro, Partner at Lonsdale Capital Partners adds, “We have been very impressed by the HVAC&R management team and it is a natural add-on to Oteac for Lonsdale. HVAC&R has seen significant growth in recent years and by making this acquisition and combining these two leading business we are creating a strong customer proposition.”
Lonsdale have been the ideal partner for our business. We have grown both organically and via acquisition and Lonsdale’s hands-on approach has been pivotal in effectively executing these strategies. For the acquisitions in particular they acted as our outsourced M&A department which meant we were able to focus on running the business and integration.Mark Fraser, CEO, Nucore Group Ltd
For more information please read the press release