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Business Growth Fund backs offshore energy services provider 3sun Group

3 Mar 2014

UK-based Business Growth Fund (BGF) has made a £10m investment into energy-focused services provider 3sun Group.

Founded in 2007, 3sun Group operates in the oil and gas onshore and offshore wind sectors. It supplies control panels offshore oil and gas subsea and platform applications, whilst in the offshore wind sector it installs, inspects and maintains wind turbines.

3sun Group secured the funding following six years of consistent growth and is the first business based in the East of England to secure backing from BGF.

The company has grown rapidly and now employs 240 people and 31 apprentices across its headquarters in Great Yarmouth, and its bases in Aberdeenshire, Bergen, Norway, Lubeck, Germany and Esbjerg, Denmark, and is currently looking at other UK and overseas locations. The Group is on track to deliver revenue in excess of £25m in the current year.

Group subsidiary Dawson Energy supplying skilled technicians for the installation and maintenance of offshore wind turbines, and the recently launched 3sun Academy delivering advanced training courses for skilled offshore technicians.

Graham Hacon, managing director of 3sun Group, commented, ‘This significant sum will prove highly beneficial for 3sun Group in the long run, providing us with the additional capital required to accelerate our capabilities and increase our global presence. We are outgrowing our current premises and expect 50 more employees by March 2015 increasing an extra 200 by March 2017, so we will be investing in a new site for our Group headquarters.

‘The investment will also allow us to continue to innovate our high quality service delivery worldwide and bring a variety of new products and service solutions to the marketplace, along with new overseas locations. We look forward to working with BGF in the future and using the investment to drive further business success.’

Last year 3Sun Group opened its first office in Denmark as the group expanded internationally.

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