Oil and gas logistics business Asco has been bought by a consortium of investors for an undisclosed sum.
The new owners have brought in former Wood Group chief executive Bob Keiller as non-executive chairman to work alongside company chief executive Peter France.
The Aberdeen- based company has been owned by DH Private Equity Partners since 2011.
Buyer Zander Topco which represents the interests of a group of unnamed investors has bought over the business.
Companies House records Crestbridge, a private equity, property, and family offices services business, as the initial shareholder in Zander Topco in documents lodged at Companies House.
Asco has a long history, dating back as it does back to 1967, when it was launched to provide support services for the growing North Sea oil sector.
It employs 1500 people and has sites in Peterhead, Great Yarmouth and operations in other oilfield areas in Canada, Australia, Norway, Trinidad and Georgia.
