H O L D I N G S
World-class DIVERSIFICATION CG Holdings’ numerous subsidiary companies have helped to spread risk and enhance solutions in a fluctuating and challenging African oil & gas market Writer: Matthew Staff | Project Manager: Josh Hyland
s one of CG International Holdings’ and CG Africa Holdings’ first and primary investment objectives, Prommac is looking to leverage its parent companies’ global stature to innovate in an African oil & gas domain crying out for solutions. The specialist shutdown management, maintenance and project services entity, based in South Africa was the first in a long line of ventures at the hands of the two Holding businesses which were established in 2014. Specialist electrical and instrumentation services company, Kumunyack soon followed, while Prommac acquired a 50 percent stake in Middle Eastern maintenance and shutdown services operator, Projeco a year later. “CG also invested in IRIS Group (a leading remotely piloted aircraft and robotics business based out of London); while CG continued its investment strategy in 2016 with the acquisition of Al Laith (an event overlay and industrial access equipment supply specialist), and in 2017 with New Age Engineering Services,” picks up Prommac’s Chief Executive Officer,
Jason English. “All our businesses [across CG Africa and CG International] are managed and run by owners we believe in, with management having a vested interest in their respective businesses.” In Africa specifically, the core focus remains on the provision of mechanical, electrical, instrumentation and piping services to the oil & gas, power, energy, petrochemical and mining industries; optimising the turnkey offering that emanates from all aforementioned strands and subsidiaries under the CG umbrella. And this key market advantage is compounded further when taking into account the international influence that is there to pull upon as well. “We have offices in London, Norway, Dubai, Abu Dhabi, Saudi Arabia and South Africa (Secunda, Johannesburg, Rustenburg, Cape Town, Vaal Triangle, Durban) with an additional established presence in Southeast Asia, Democratic Republic of Congo, Namibia and Madagascar,” English continues. “Our footprint is quite broad at the moment and that was not always the plan, however we have evaluated each opportunity at the given time relative to our availability
of resources and ability to deliver in each region and our expansion has been based on a combination of these areas.” Job selection may seem simple given the scope of the Group, but careful consideration in each case is still of paramount importance, and the emphasis at present is subsequently on blue chip clients who offer shared risk in the execution phase.