ShawKwei & Partners Finalizes $165 Million Acquisition of PEC Ltd

ShawKwei & Partners Completes Acquisition of PEC Ltd

ShawKwei & Partners, an Asian private equity firm, has just completed the acquisition of PEC Ltd for a substantial sum of $165 million. This acquisition involves the delisting of PEC Ltd from the Singapore Exchange, which marks a significant strategic move for both ShawKwei and the energy sector. The acquisition was executed under Liberty Energy Solutions Ltd, a dedicated investment platform established by ShawKwei.

Background on PEC Ltd

Founded in 1982 and based in Singapore, PEC Ltd has built a strong reputation as a provider of maintenance and engineering, procurement, and construction (EPC) services tailored for the oil, gas, and petrochemical sectors. For the fiscal year ending December 31, 2024, PEC Ltd reported impressive figures, including revenues of $305 million and a net profit of $12 million, alongside a significant net cash position of $110 million. These indicators underline the robust health and operational capability of the company, which can be found online at PEC's official site.

Strategic Implications

The acquisition plays a vital role in enhancing Liberty Energy’s capabilities within the energy sector. Liberty Energy currently operates two wholly-owned subsidiaries: CR3 Group, recognized for its energy engineering solutions, and ZymeFlow LLC, known for innovative chemical decontamination technology. The integration of PEC's operational expertise into Liberty Energy’s framework not only promises to improve service delivery but also positions Liberty Energy as a leader in providing comprehensive energy solutions across crucial industries.

Kyle Shaw, the Founder and Managing Partner of ShawKwei, expressed strong optimism about the acquisition, stating, "This addition of PEC's operational expertise to Liberty Energy strengthens CR3's engineering and manufacturing capabilities, broadens the group's geographic spread of customers, and creates more opportunities for ZymeFlow's proprietary decontamination technology." He acknowledges the tremendous opportunities within the increasingly dynamic energy industry and assures that Liberty Energy is ideally positioned to serve global clients with its world-class services.

Leadership and Future Prospects

As part of this transitional strategy, PEC will continue to operate under the experienced leadership of Chair Edna Ko and CEO Robert Dompeling. Their continued involvement is expected to facilitate a seamless integration with Liberty Energy, addressing the growing demands for energy services, products, and solutions globally.

About ShawKwei & Partners

Founded in 1998 by Kyle Shaw, ShawKwei & Partners specializes in private equity with a focus on investing in industrial and service companies that exhibit revenues ranging from $50 to $800 million across Asia, Europe, and the USA. The company is dedicated to enhancing business performance through active management partnerships aimed at sustainable growth, margin optimization, and efficacy in capital use. More information can be found at ShawKwei's website.

About Liberty Energy Solutions

Liberty Energy Solutions stands as a global frontrunner in energy engineering and proprietary technologies. It serves a diverse clientele in the oil, gas, and petrochemical sectors across North America, Asia, and the Middle East. With over 200 patent holdings and extensive annual operations, Liberty Energy is committed to delivering exceptional end-to-end solutions that drive sustainable value. For detailed insights, visit Liberty Energy's website.

About CR3 Pte Ltd

Established in 1991, CR3 Group has made its mark by providing energy engineering solutions across multiple regions, particularly in Asia and the Middle East. It supports industries through innovative services spanning from equipment maintenance to the complete EPC solutions needed for high-demand asset sectors, including energy production and chemical processing. More information can be accessed at CR3's website.

About ZymeFlow LLC

With its headquarters in Houston, Texas, ZymeFlow specializes in groundbreaking chemical decontamination solutions. With over three decades of experience, it has become a trusted name in developing environmentally friendly products that not only meet but often exceed industry sustainability benchmarks. Clients can learn more at ZymeFlow's website.