OES Group has returned to private ownership following the completion of a management buyout, marking a new chapter for the Testing, Inspection, Certification and Compliance (TICC) and engineering services provider.

The transaction restores independent ownership and returns the company to founder Richard Upshall, who established OES Group in 1996.

The move is expected to support the Group’s long-term growth strategy and strengthen its integrated TICC offering.

OES Group now comprises six specialist businesses: OES Asset Integrity, Life Cycle Asset Management (LCAM), Derrick Services Limited (DSL), JVS Manufacturing, Arcus Digital and OES Training Academy. Together, they provide services covering the complete asset lifecycle, supporting customers across critical industries.

The company said the return to private ownership reinforces its ambition to build a fully integrated TICC platform combining technical assurance, operational reliability, digital visibility and workforce capability.

With 30 years of experience across the energy, oil and gas, marine, renewables, infrastructure and industrial sectors, OES Group will continue focusing on safety, compliance, asset performance and operational resilience.

The management buyout represents a significant milestone in the Group’s development as it seeks to accelerate growth across its specialist businesses while maintaining its independent, customer-focused approach.

Richard Upshall, original founder and Chairman of OES Group, commented: "Bringing OES Group back into private ownership is an incredibly proud moment for everyone involved. This business was founded on a simple principle: helping customers operate critical assets safely, efficiently and with confidence. The management buyout allows us to return to our entrepreneurial roots, make decisions faster, invest in our people and capabilities, and focus entirely on creating long-term value for our customers, employees and partners. In every sense, ‘find it and fix it’ is the lifeblood of our business, from the way we serve our customers to the way we create long-term careers for our people."

Abdou Djendou, OES Group CEO, added: “With 30 years’ experience in the industry, never have I been as excited by the way ahead for our Group subsequent to our management buyout. We have built a strong global platform of specialist businesses, exceptional technical expertise and trusted customer relationships. As an independent TICC organisation, we are now ideally positioned to accelerate our growth strategy, expand our capabilities and strengthen our position as a leading integrated TICC provider serving the global energy and industrial sectors." -OGN/TradeArabia News Service