Portfolio Management

ABZ Group

In April 2007 ABZ Group was sold to Sovereign Oilfield Group Plc, an AiM listed provider of drilling and fabrication services to the oil and gas sector for £6 million.

The sale has generated a 3x money return for Aberdeen clients and an IRR of more than 80%, Aberdeen originally invested £550,000 in ABZ in May 2005 to support the acquisition of Labtech Services Limited.

ABZ Group specialises in the design, engineering and manufacture of onshore and offshore cabins, containers, baskets and air conditioning and refrigeration units from its purpose built workshop and facilities in Altens. The company is recognised globally for the high standards of its equipment and its ability to respond quickly and effectively to customer requirements.