On 13 September 2019, CMEP led the acquisition of a majority stake of Manor Renewable Energy and Manor Marine.
The deal facilitated the exit of a founder shareholder, and provides backing for the team to continue on its high-growth plan.
The group provides temporary power and engineering solutions to the offshore wind farm industry, as well as vessel construction and maintenance services.
Manor has organically grown its sales approximately fivefold in the last 3 years, and the outlook continues to be very attractive. The industry is expected to continue at a CAGR of over 20% over the next 5 years.
The group will continue to focus on temporary power solutions, but seek to broaden its offering by investing in its operations and maintenance division.