Aberdeen-based OEG, the global energy solutions business, said it delivered a record performance in 2025, reflecting the “continued strength of its diversified business model, market-leading positions and ability to execute at scale across both traditional offshore energy and renewables markets.”

The group said it achieved strong financial performance across both its cargo logistics and renewables segments, with revenues growing by over 20% on the prior year to exceed $600 million for the first time.

“A major strategic milestone in 2025 was OEG’s acquisition by Apollo in a transaction valuing the business in excess of $1 billion,” said OEG.

“The investment provides OEG with a supportive, long-term majority owner aligned with the group’s global growth ambitions and strategy to continue scaling its platform organically and through targeted M&A.

“Geographic expansion remained a key focus during the year, most notably in North America, where July’s acquisition of Trinity Rental Services significantly strengthened OEG’s regional presence.

“The transaction doubled the group’s cargo carrying unit (CCU) fleet in the region and increased OEG’s global fleet to more than 80,000 units, enhancing its ability to support large-scale offshore projects worldwide.

“To support increasing project scale and complexity, OEG continued to invest in its people, growing headcount to more than 1,500 employees, representing a 20% increase on the prior year.

“Alongside this growth, the group completed the integration of its recent acquisitions, bringing all operations to market under a single, unified OEG brand. This has aligned the organisation around shared core values and strengthened its commitment to delivering consistent, high-quality solutions for customers globally.”

OEG’s CEO John Heiton said: “2025 was a year of significant progress for OEG, marked by strong top-line financial performance, strategic expansion and a further evolution of the Group’s scale and capability.

“OEG’s diversified business model, spanning complementary energy markets and geographies, positions us well to navigate short-term market variability while remaining focused on long-term structural growth drivers.

“Continued investment in our people, assets and technology ensures we can support our customers’ evolving needs, whether in the delivery of energy security today or the energy transition over the longer term.

“As we enter 2026, we do so with increasing strength in our core offering, a unified global brand and a scalable platform for growth. We remain focused on disciplined execution, operational excellence and creating long-term value for our customers, colleagues and shareholders.”