News & Insights
No results found
01 Feb 2024

Kent strengthens Board of Directors following the completion of its acquisition by Nesma & Partners

Nesma x Kent banner

Kent strengthens Board of Directors following the completion of its acquisition by Nesma & Partners.

  • The alignment of Nesma & Partners’ and Kent’s expertise and resources will enable the companies to meet the evolving needs of clients in an increasingly competitive marketplace across the entire project lifecycle, from consulting to design, build, commissioning, and startup through to maintenance and decommissioning.
  • Kent will continue to offer the same world-class services under its existing brand, with the Nesma & Partners ownership providing a new platform to further accelerate growth.
  • Kent adds technology transformation and energy transition expertise to its Board of Directors.

Kent, a global energy services provider, is delighted to announce the completion of its sale to Nesma & Partners, a leading contracting company in the Middle East.

Alongside this transaction, Kent has restructured its Board of Directors to steer the company into a new trajectory of growth and innovation.

Kent has achieved unprecedented organisational growth in the two years since its acquisition of the oil and gas business of SNC-Lavalin. The company has delivered a remarkable 75% growth in top-line revenue in just three years. Moreover, 2023 saw a healthy 23% growth in profitability and a remarkable 32% growth in the backlog figure compared to 2022 numbers.

As part of the changes to the Board of Directors, Kent bids farewell to Mark Dickinson and Marcello Stroppa from Bluewater, Kent's former majority owners, industry stalwart Jim Moffat, and John Kent, the grandson of the company’s founder. John Kent's role as Chief Energy Transition Officer will be replaced, doubling down on Kent’s efforts to achieve its purpose.

The newly strengthened Board welcomes Driek Desmet, a former McKinsey Senior Partner and business technology transformation expert, Gary Parke, an authority in energy transition, and Samer Abdul Samad, President and CEO of Nesma & Partners, who has been an integral part of the Nesma & Partners business for the past 30 years. There will be another independent director joining the board, further enhancing Kent's leadership team, in the coming months.

John Gilley, CEO of Kent, expressed his enthusiasm for the company's achievements and the promising future ahead, stating, "I am incredibly proud of Kent's successes since our launch in 2021. With the backing of Nesma & Partners, we are poised to reach new heights and play a central role in addressing the world's greatest energy challenges in the most responsible way."

Samer Abdul Samad, CEO of Nesma & Partners, shared his excitement about the completion of the deal, saying, "We are delighted to have completed the acquisition of Kent. This now marks a new chapter for both our companies. We are looking forward to supporting the Kent business to not only continue but supercharge its current trajectory of success.”

Under the ownership of Nesma & Partners, Kent will be positioned and resourced to accelerate the delivery of its ambitious strategy. There will be no changes to the decision-making autonomy structure of Kent or its core service offering. The current leadership team will remain in place and continue to deliver world-class services to the energy industry through four well-established service lines: Consulting; Engineering & Projects; Commissioning, Completions & Start-up; and Operations & Maintenance. With the new structure, Kent will double down on its efforts to address the challenges and opportunities of the global energy transition.


Click here for frequently asked questions and to learn more about the acquisition
Related Blogs

You might also like

Press Releases & Featured Stories
Kent secures FEED contract for INEOS Hejre Project in the North Sea
Highlighting our extensive expertise and capabilities in the subsea and offshore sectors
PR Fulcrum web thumb 01 1
Press Releases & Featured Stories
Kent secures FEED contract for UK Sustainable Aviation Fuel Project with Fulcrum BioEnergy
Kent secures FEED contract for UK Sustainable Aviation Project with Fulcrum BioEnergy.
PR Spiorad na Mara Web Thumbnail
Press Releases & Featured Stories
Kent Secures Pre-FEED Assessment Contract for the Spiorad na Mara Offshore Wind Project
Kent awarded Spiorad na Mara Limited contract for pre-front end engineering design assessment of proposed offshore wind farm
Kent X Exxonmobil
Press Releases & Featured Stories
Kent plays integral role in ExxonMobil's investment in Fawley UK petrochemical complex
Kent is helping to deliver construction, completion, and commissioning of a new Diesel Hydrotreater and a Steam Methane Reforming Hydrogen Plant
Kent X Repsol Norge thumbnail 2
Press Releases & Featured Stories
Kent Wins Landmark 3-Year Framework Contract with Repsol Norge
Kent have been awarded a comprehensive 3-year framework contract with Repsol Norge for various operations in the Norwegian sector of the North Sea
Emma Scott from Kent talks to EIC about sustainability thumbnail
Press Releases & Featured Stories
Driving sustainability: What is your primary focus in 2024?
Emma Scott speaks to the EIC about the progress of Sustainability. by Kent.
PR bp 5 year global commissioning web thumb
Press Releases & Featured Stories
bp awards Kent a five-year global commissioning framework agreement
Under the agreement, Kent’s specialists will be fully integrated within bp’s commissioning and completions management team
PR SAF ONE web thumb
Press Releases & Featured Stories
SAF One Partners with Kent, Accelerating Sustainable Aviation Fuel Innovation
Kent to carry out a technology licensing review
Ed Reynolds Thumbnail
Press Releases & Featured Stories
The impact innovation and technology can have on the team environment
Ed Reynolds, our VP of Completions, Commissioning & Start-Up in the Americas, speaks about how trust within a team is the key to success.
Craft 3
the energy within.

By using our website you consent to all cookies in accordance with our Privacy Policy.