New Management at ATR Ushers in 30% Growth
ATR Group has experienced almost 30% growth since the management-buy-in less than eighteen months ago. The market leader in the rental of specialised tools and equipment for the offshore oil and gas industry maintenance market has seen turnover rise from £14 million to over £18 million.
The long-established Aberdeen business was acquired by Keith Moorhouse and Robert Skidmore in a deal supported by Aberdeen Asset Managers and RBS Structured Finance in June 2007.
The workforce has grown by over 50% from 85 to130 employees and is anticipated to reach 200 in the next 12 months.
To meet current and anticipated growth in activity the company is currently recruiting across all divisions of the business with an urgent need for staff experienced in offshore requirements, and specifically for electrical and mechanical fitters, warehouse staff, hydraulic technicians, and internal and external sales people.
The new management is well on the way to achieving its ambitious plans to double turnover within three years and increase the workforce through expansion in the UK and overseas. The company has already made two significant acquisitions with another expected to complete in the next few months and others in the pipeline.
ATR Group acquired Bridon International Limited’s Aberdeen-based lifting services division in May this year, adding a new dimension with the introduction of on and offshore inspection and certification services to ensure compliance with the Lifting Operations and Lifting Equipment Regulations (LOLAR). This transaction significantly expanded ATR’s existing range of specialist lifting equipment and accessories, supplied for both rental and sale to the offshore operations and maintenance market.
In August 2007, ATR acquired Bridon International’s business in Baku, Azerbaijan and subsequently invested in excess of £500,000 to develop the lifting services business and introduce the group's hydraulics business in the Caspian.
ATR Group Director Robert Skidmore said, "We are well on our way to achieving our exciting growth strategy and becoming a key player in the offshore maintenance and operations market. The last year has been very successful but has not been without its challenges in terms of finding suitably skilled people.
"However, the Group's long-established reputation combined with investment in our product range and asset rental fleet to ensure available stock have enabled us to build on existing business and secure new, lucrative contracts. The addition of international capabilities and complementary support services along with a track record in quality and reliability are setting us apart from the competition."
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