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Penspen Completes Acquisition of Aberdeen’s C&I Engineering Solutions

31/10/2024

Penspen, a leading international energy consultancy, is expanding its presence in the North-East following the successful acquisition of Aberdeen-based C&I Engineering Solutions. 

Control and Instrumentation engineering consultancy C&I Engineering Solutions will now operate as a wholly owned subsidiary of Penspen, with Grant Lunn, CEO, Derek Sives, COO, Richard Auld, Technical Director, and Claire Macaulay, Finance Manager, comprising the company’s management team. 

Penspen’s CEO, Peter O’Sullivan, said the acquisition enables Penspen to expand its support for energy and utilities companies in the UK, growing its team with new, high-quality capabilities, and adding new clients to its UK portfolio. 

“The acquisition of C&I Engineering Solutions grows our team in the UK, broadening the support we can provide our clients, and enhancing our ability to achieve our vision, which is to improve access to secure and sustainable energy for the communities in which we work,” he said. 

“We are always looking for opportunities to acquire companies that share our values and vision and that bring complementary capabilities and services which can add value to the support we provide our clients. As local and international markets react to the demand for infrastructure to secure and decarbonise energy supply, and for technology to accelerate the energy transition, C&I Engineering Solutions has the people and track record to augment Penspen’s capabilities and experience in asset life extension, operational performance improvement, decarbonisation, hydrogen, and carbon capture. 

“We are excited to welcome C&I Engineering Solutions into the Penspen team and to work with our new colleagues to deliver the best possible service to existing and new clients alike.” 

Grant Lunn, C&I Engineering Solutions CEO, commented: 
“This acquisition marks an exciting new time in C&I Engineering Solutions’ continued growth, its ongoing support to clients, its engineers, and its supply chain. Being part of the Penspen group presents an immediate wealth of opportunity to collaborate on larger projects to combine the skills and expertise across the companies to deliver engineering solutions to the highest technical standard.  

“Having already established ourselves as a market leader in our field for Energy Security projects across the United Kingdom Continental Shelf “UKCS”, Energy Transition is the next chapter. Our highly skilled E,C&I engineers are perfectly placed to continue to support both Energy Security & Energy Transition projects moving forward. With Penspen’s strategic offices placed throughout the world it provides a natural foundation for continued growth of the business overseas, whilst retaining our identity and niche service offerings within the UK. 

“This is a perfect fit for C&I Engineering Solutions, and we welcome the opportunity to now deliver our services under the esteemed Penspen banner.” 

C&I Engineering Solutions will continue to operate from its headquarters in Aberdeen’s Balmoral Business Park. Founded in 2013 by CEO Grant Lunn, C&I Engineering Solutions was established to offer an independent engineering consultancy that supported clients’ facilities, operations and maintenance engineers in the delivery of niche multi-discipline controls, instrumentation and electrical work scopes across a variety of industries. To-date, the company has delivered around 2,000 engineering projects to more than 40 customers across the Energy Security, Energy Transition & Renewable markets. 

KeyFacts Energy Industry Directory: PENSPEN   l   KeyFacts Energy: Acquisitions & Mergers news

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