Established in 2001, Crondall provides strategic, commercial and technical services for offshore energy projects in the UK and around the world, specialising in floating and subsea facilities.
The business has a 55-strong workforce across Southampton, Aberdeen, London, Glasgow, Newcastle, Singapore and Houston.
Led by MD Anna-Louise Peters, 29 employees have taken a share in Crondall Energy through the MBO, which was funded by a flexible debt facility from ThinCats.
Founder Duncan Peace retains a minority stake in the company as he prepares to retire from full-time executive involvement, but will keep a non-executive position on the board.
