Portfolio News

LDC-backed Ramco secures £35m of International contracts

LDC-backed RAMCO, a leading provider of care and maintenance services to the international oil and gas industry, has secured four new contracts worth more than £35m. 

The business, which is headquartered in Portlethen, Aberdeen, has signed deals lasting between four and 10 years to provide oil pipe care services to clients in Australia and Europe. New clients include multinational organisations Sumitomo Corp Europe, Tenaris, Marubeni Itochu and J. Christoff E&P Services SRL.

The new contracts will see RAMCO deliver pipe care excellence across a range of service lines, including oil country tubular goods (OCTG) support services for nine operational facilities, inventory management, logistics, storage, blast cleaning, off-shore preparation and inspection services. 

Derek Smith, Chief Executive of Ramco, said: “These contracts come on the back of a period of significant investment where we have been investing heavily in our infrastructure and LEAN processes to ensure we are delivering a cost effective and efficient service to clients. 

“We focus on creating value for our customers by delivering an efficient total tubular management service throughout our five key regions, and investing in our facilities and equipment, as well as our people, is integral to this.”

Mark Kerr, director and head of LDC in Scotland, added: “These new contracts demonstrate the quality of RAMCO’s offering and are testament to the hard work of the management team. The wins further strengthen RAMCO’s position as the leading provider of tubular services in its core European market, as well as further afield.”

LDC backed the secondary buyout of RAMCO in 2013, providing investment to enable the business to drive further international expansion. 

RAMCO, which is celebrating its 40th year in business, is one of the largest independent organisations specialising in total tubular management of OCTG used in the international upstream oil and gas industry.

Article Footnotes

Notes to Editors

  1. LDC is part of the Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority
  2. LDC back ambitious management teams from UK-based companies seeking between £2m and £100m of equity for management buy-outs, institutional buy-outs or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.
  4. LDC has a UK regional network of 9 offices.