Press Release

3sun’s first acquisition should treble turnover

UK controls company 3sun has acquired a 75per cent shareholding in Dawson Energy as it chases more business in the renewables industry.

It is the first acquisition of the Great Yarmouth-based company, launched in 2008, and is projected - along with the organic growth of its core business - to treble group turnover to £10m in the coming year.

3sun’s lead financial advice in the deal came from Jon Dodge of JDC Corporate Finance.

Scotland-based Dawson Energy, which also has offices at Orbis Energy, Lowestoft, and in Bergen, is one of the country’s leading providers of technicians to install and service wind turbines. It also supports the hydro power sector.

Dawson’s 70 full-time staff will be added into the 3sun group - which itself employs around 20 personnel - with founder and owner Willie Dawson having a key role as Operations Director.

“The acquisition is part of our strategic plan to take 3sun further into the vibrant renewable sector as well as growing organically in our core oil and gas operations,” said 3sun director Graham Hacon.

“Renewables have an ever-growing footprint in the energy industry and there will be a big demand for skilled technicians in the East of England. It’s an area which complements our core work and existing skills set.

“The two companies have worked on the same projects before, and their main client was happy to see the acquisition progress.

“It brings together our offshore project management and logistical expertise with Dawson’s specific skills in renewables.”

3sun marketing and PR representative Lori-Ann Fleming added: “Some of the world’s biggest windfarms are to be built on our doorstep and our extensive research shows that there will be a tremendous gap in the market which 3sun Group can help fill.”

After a year of consolidation, the Norfolk company is looking at other acquisitions in the near future to extend its operations.

Mr Dawson said the link with 3sun was the next step in the development of a company he founded as a one-man business in Oban nine years ago.

“I am 100pc committed to it and will be fully engaged in the group afterwards, focused on meeting customers’ expectations to the highest standards,” he said.

3sun will continue to operate from its Beacon Innovation Centre headquarters with a manufacturing unit at nearby Harfreys estate. The group will comprise: 3sun Controls for its oil and gas business, 3sun Renewables for project management and Dawson Energy as the technician supply arm.

For more information contact Graham Hacon or Lori-Ann Fleming at 3sun, 01493 446576