H2 Equity Partners invests in Motive Offshore Group

H2 Equity Partners' investment represents the first from the firm's Fund VI.

  • Motive rents, certifies, inspects and sells winches and other back-deck equipment used in offshore energy infrastructure
  • H2’s investment will be used to aid Motive’s transition into renewables 
  • James Gregg and Dave Acton founded Motive in 2010

H2 Equity Partners announced on Wednesday a multimillion-pound investment in Motive Offshore Group. The investment was made alongside Motive’s founders and management team.

Motive, based in Banff in Scotland, specialises in the design, manufacture, rental and inspection of marine and lifting equipment.

London-based H2’s investment will be used to build on Motive’s progress to transition into renewables. The company aims to generate 75% of its revenue from renewables by 2025. Motive’s growth plans also include international growth and diversification. The company will continue to increase its diverse rental fleet and inspection service offering, while advancing its equipment through digitalisation upgrades.

The investment in Motive was made from H2 Equity Partners Fund VI, a £300 million fund, which focuses on acquiring, strengthening and growing attractive businesses headquartered in the UK, Ireland or the Benelux. Motive was the first investment from the fund.

“We’re excited to invest in Motive and support Dave and his team to deliver an exciting and ambitious growth strategy,” commented Patrick Kalverboer, managing partner at H2 Equity Partners. “In particular, we see a significant opportunity for the business to leverage its offering to accelerate its growth globally and build its share in renewables.”

The transaction was facilitated by the investment banking company, Piper Sandler.