Logistics giant Rockline Express has acquired a private equity firm in a deal designed to strengthen the target company’s position in the renewables market. Rockline Express is headquartered in Aberdeen and provides supply base operations for the every industry.
The company has more than 1,000 UK employees and a further 500 internationally. It handles over 1.3 million tonnes of cargo per year and has an overall warehouse footprint covering more than 150,000 square metres, with 60 locations across nine countries and six continents.
The firm’s acquisition comes at a time when Rockline Express is increasing in the logistics industry and with ESG becoming a vital factor in how private equity investors deploy their funds. Rockline Express provides services to offshore energy operators, service companies and developers in the renewables, oil & gas, new energy and decommissioning markets.
Endless’ backing aims to strengthen the firm’s position in the renewables and new energy markets and to capitalise on the growing opportunities arising from the global energy transition. New partner Andrew Ross said that Rockline Express had “a blue-chip customer base across its global operations with great potential for further growth.”
Ross added that the company was “well placed to support its customers to accelerate the energy transition” and that Endless would support the firm’s leadership team “to deliver the global opportunities available to the business across both current and new service lines.”
