Maven Invests $6.65m in MBO of Fathom Systems
business represents the private equity firm’s 15th portfolio company investment in the energy service sector. In the past twelve months, Maven has invested over $23.5million in RMEC, ISN Solutions, R&M Engineering and achieved an almost four-fold return on investment following the exit from EFC Group. Established in 2005, Fathom engineers highly specialised underwater communication, control and instrumentation products and services for the fast-growing subsea oil and gas sector. With a turnover of $7.82million and employing 36 people, Fathom is renowned for the quality and reliability of
EFC Group Appoints Managing Director
EFC Group, a designer and manufacturer of instrumentation, monitoring, handling and control systems for the global oil and gas industry, has appointed Anand Puthran as its managing director, a newly created role for the company. Anand joins Electro-Flow Controls with more than 15 years’ experience working in the oil and gas industry in managerial positions. Anand most recently spent time with ABB in Workington where he managed the product manufacturing unit and center of excellence for ABB’s measurement product offerings to oil and gas clients. Prior to this, he spent seven