3sun Group Receives £10M Investment

Funding Rounds

Summary

3sun Group, a specialist provider of products and services to the global energy industry, received a £10m from Business Groth Fund (BGF).The company intends to use the funds to accelerate expansion in its Great Yarmouth base, bring new products and service solutions to the marketplace, and advance further opportunities in the UK and northern Europe.Founded in 2007 by Graham Hacon, 3sun Group is a supplier of control panels for offshore oil and gas subsea and platform applications, whilst in the offshore wind sector it installs, inspects and maintains wind turbines.It operates five divisions including: – 3sun, which manufactures, installs and maintains topside control equipment for offshore oil and gas platforms, – 3sun Inspection Services providing testing and inspection services to the oil and gas and renewables sector, – Dawson Energy supplying skilled technicians for the installation and maintenance of offshore wind turbines, – 3sun Academy delivering advanced training courses for skilled offshore technicians, and – RRC Controls Services, a manufacturer of subsea control systems for the offshore oil and gas industry.It now employing 240 people and 31 apprentices across its headquarters in Great Yarmouth, and its bases in Aberdeenshire, Bergen, Norway, Lubeck, Germany and Esbjerg, Denmark.

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Amount $16.7M Total raised
Date March 3, 2014 Announcement date
Investors BGF Lead investors
Company http://www.3sungroup.co.uk/ Funded company

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