Aquaterra Energy, a global leader in offshore engineering solutions, has announced a change in its ownership structure, with the existing management team taking ownership of the business.

Aquaterra Energy has completed a management buyout. (Image credit: Aquaterra Energy)

The transaction marks the beginning of a new ownership chapter for the company, ensuring continuity in strategy and leadership while providing a strong platform for the next phase of growth. It follows a successful period of development for the business, during which Aquaterra Energy has expanded its capabilities across the offshore asset lifecycle, including intervention, abandonment, decommissioning, and energy transition markets.

Aquaterra CEO George Morrison said: “This is an important milestone in Aquaterra Energy’s journey and a statement of confidence in the future of the business.…