Apollo has acquired a majority stake in OEG Energy Group, a leading offshore energy solutions provider, at a valuation exceeding $1 billion, enhancing their investment in the rapidly growing renewable energy sector.

Target Information

OEG Energy Group ("OEG"), a prominent offshore energy solutions provider, has been instrumental in the energy sector for over five decades. The company specializes in delivering development and operational services to oil & gas (O&G) and wind markets, possessing one of the world's largest fleets of cargo carrying units (CCUs) with more than 75,000 units. This extensive fleet enables OEG to efficiently transport vital cargo to and from offshore energy facilities. Additionally, OEG's Renewables segment offers integrated technical solutions and services, focusing on the burgeoning offshore wind sector.

Industry Overview

The offshore energy industry is experiencing a rapid transformation as global energy demands evolve and the transition towards renewable energy accelerates. Companies like OEG are key players in this landscape, providing essential services that support both traditional fossil fuel operations and emerging renewable energy projects. With governments and private entities increasingly investing in sustainable practices and technologies, the offshore energy sector is poised for significant growth.

In the UK, where OEG is headquartered in Aberdeen, the demand for offshore energy solutions is robust. The UK's commitment to achieving net-zero carbon emissions by 2050 is drivin