Mentor IMC sold to Vinci Energies
The deal was led by international investment bank Altium.
Consideration for the acquisition is undisclosed.
Tim Richardson, corporate finance director at Altium, said, "The oil and gas sector has been extremely buoyant in recent years, driving a global demand for specialist labour to augment in-house capabilities. Mentor’s established reputation and network of relationships will enhance Vinci’s ability to take further advantage of growth opportunities in this space.”
Established in 1987, Mentor provides experienced senior managers, engineers and commercial professionals who have helped design and build many of the world’s leading oil and gas projects.
Vinci Energies is a European market leader in energy and information technology services, with 64,000 employees and revenues of &euro9bn worldwide. The acquisition of Mentor broadens the customer base of Vinci Energies’ oil and gas businesses in countries with strong growth potential.