STAR Group acquires Steven Parc

STAR Group (‘STAR’) today acquired 100% of the shares in technical project office Steven Parc Technische Specialisten B.V. (‘Steven Parc’). Steven Parc, founded in 2002, is specialized in providing high-grade solutions based on technical know-how in the Oil, Gas, Power and related industries. Steven Parc’s clients are the top 100 companies in the process industry and energy sector. The project office is headquartered in Capelle aan den IJssel and operates in the Netherlands and Belgium.

Francois Claeijs, founder and CEO of STAR says: “This acquisition is in line with our strategy of connecting the best professionals to the best projects. Following this acquisition we will have 1,200 professionals active on a daily basis, making us by far the largest provider of technical project support in the up, mid and downstream in the Oil, Gas, Power and related industries in our home market of the North Sea region. It will allow us to provide both our clients and technical specialists with even broader and better services. We are convinced that Steven Parc’s current very strong team will be able to grow and develop even further as part of STAR. Alongside of our international growth ambitions in Germany, we see Steven Parc as an excellent partner to bolster our activities in the Benelux region. We are therefore very pleased to announce this acquisition, which was also made possible thanks to the active support of our shareholder Parcom Capital.”

Steven Parc booked a turnover of € 17 million in 2012. In 2012 STAR realized a turnover of € 94 million. Turnover of STAR including Steven Parc is expected to come in at more than € 125 million in 2013.
For more information, please contact:
Francois Claeijs, CEO STAR Group B.V.
Telephone: +31 (0)88 80 81 500

About STAR
STAR is the specialized market leader in project management, consultancy and outsourcing in the Oil, Gas, Power and related industries. STAR specialises in Engineering, Project coordination, Construction & Maintenance, Safety & Environment and Marine and Offshore. With a clear focus on the market, healthy ambitions and a solid track record, STAR is a highly reliable partner for its clients and professionals alike. STAR has offices in the Netherlands, Belgium and Germany and has more than 1,000 professionals who make an active contribution to the success of our clients’ national and international projects each and every day. For more information: www.starpowerpeople.com.

STAR Oil-Gas-Power is a portfolio company of Parcom Capital.

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