Nesma & Partners, a leading contracting company in the Middle East, has signed an agreement to acquire Kent, a global energy services provider.

The transaction is predicted to be completed by the end of the calendar year. It is pending regulatory approvals and satisfaction of customary closing conditions.

Kent is a privately-owned engineering and project management firm in the energy sector.  It has been supported by global energy investment firm Bluewater since 2015 which helped it to increase its revenues tenfold. It witnessed notable growth within the past two years following its acquisition of SNC-Lavalin’s Oil & Gas business in mid-2021. Kent now achieves revenues worth $1.4 billion dollars.

Operating for over 40 years, Nesma & Partners has an established track record of success in delivering some of Saudi Arabia’s biggest industrial and infrastructure projects for a wide range of clients in the public and private sectors, including Saudi Aramco, the Public Investment Fund, NEOM, GACA, Ministry of the National Guard, Royal Commission, and the Ministry of Defense.

The two companies together will be able to deliver high-quality services to clients across various industries and create innovative solutions.

On this occasion, Nesma & Partners’ President & CEO Samer Abdul Samad said, “this is an exciting time for our company as we look to expand our reach and capabilities. We are deeply impressed with the growth and achievements of Kent so far. We are looking forward to supporting the Kent business to not only continue but supercharge its current trajectory of success. By leveraging the strengths of both companies, we are confident that we can deliver even more value to our customers and achieve our goals for growth and success.”

For his part, Kent’s Chief Executive Officer, John Gilley, “we are thrilled to embark on this next phase of our journey with Nesma & Partners. We have long admired their expertise and dedication to delivering outstanding results for their clients. This agreement marks an exciting, ground-breaking development for Kent. With the backing and support of Bluewater over the past eight years, we have been able to cement our position as a leading global energy services provider. Now, under the ownership of Nesma & Partners, the Kent brand and all our teams worldwide will have more opportunities to develop and grow our world-class lifecycle services to our clients.”