About THREE60 Energy
THREE60 Energy is an Energy & Utilities company based in Newcastle Upon Tyne (United Kingdom) founded in 2014, and was acquired by Three60 Energy in January 2024. Innovative energy engineering solutions are provided by THREE60 Energy. It operates on a Professional Services and Managed Services model in Energy & Utilities and Aerospace, Defense & Maritime sectors. THREE60 Energy has completed 2 acquisitions, including Hydratron and SengS. THREE60 Energy offers products and services including Subsurface Services, Wells Engineering, Subsea Engineering, EPCC Services, and Operations Management. Its focus areas include Energy, Oil & Gas, Engineering Services and Renewables.
Company details
Engineering and energy solutions are delivered by THREE60 Energy across the asset lifecycle, from design to decommissioning. Services are offered in sectors like oil gas, renewables, carbon capture, marine, defense, and nuclear. Comprehensive lifecycle support is provided through specialized service lines including subsurface, wells, subsea, EPCC, operations, and product solutions. Sustainable practices are integrated into operations with a focus on ESG principles. Global presence is maintained with offices in multiple countries to maximize asset value for clients.
- Headquarters Newcastle Upon Tyne, United Kingdom
- Stage Acquired
- SectorsEnergy & UtilitiesAerospace, Defense & Maritime
- Email••••••••
- Phone•••• ••••
- Website prymegroup.co.uk
- Social LinkedIn X Instagram
- Acquired by Three60 Energy (Jan 2024)
- Legal Name Three60 Energy
- Latest Funding Round$5.76M (USD), Debt – Conventional
Dec 2018
- InvestorsThree60 Energy
& 1 more
- Investments & AcquisitionsHydratron
& 1 more
- Acquired byThree60 Energy
(Jan 2024)
Products & Services of THREE60 Energy
THREE60 Energy offers a comprehensive portfolio of products and services, including Subsurface Services, Wells Engineering, Subsea Engineering, EPCC Services, and Operations Management.
Reservoir modeling and production engineering are provided expertly.
Well engineering and consultancy services are delivered professionally.
Comprehensive subsea asset lifecycle support is offered consistently.
Engineering and commissioning support are provided for energy.
Operator services and asset management are handled efficiently.
High-pressure testing and wind tooling are developed innovatively.
Funding Insights of THREE60 Energy
- Total Rounds 1
- Last Round Debt – Conventional — $5.76M
- First Round $5.76M
(Dec 2018)
- Investors Count 1
All 1 funding rounds of THREE60 Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | $5.76M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in THREE60 Energy
THREE60 Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Three60 Energy and Independent Growth Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Working capital loans provider | 1997 | igfgroup.com | Redhill, United Kingdom | |
Oilfield services for energy assets including reservoir modeling are provided. | 2016 | three60energy.com | Aberdeen City, Scotland |
Investor details for THREE60 Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of THREE60 Energy
17 people are tracked at THREE60 Energy (7 in leadership, 2 in board & advisors, 8 in team).
| Name | Role | Group |
|---|---|---|
John Friel | Managing Director, Pryme Manufactoring | Leadership |
Kerrie Murray | CEO | Leadership |
David Benison | Pryme Engineering & Testing Managing Director | Leadership |
Findlay Beveridge | Managing Director, Pryme Products | Leadership |
Geoff Harmer | Head of Sales, Fabrication and Welding | Leadership |
William Hepburn | Head of Oil & Gas Business Development | Leadership |
Tyler Buchan | CFO | Leadership |
Lawrence Ross | Chairman | Board & advisors |
Jason Smith | Board Member | Board & advisors |
Allan Batchelor | CNC Setter/programmer/operator | Team |
Mark Broadwith Ieng Mimec | Design Engineer | Team |
Craig Ritchie | CNC Machinist - Cell Leader | Team |
Kieran O'Connor | CNC Machinist | Team |
Christopher Watson | CNC Machinist | Team |
Ian Smith | Senior Engineer | Team |
Damien Coogan | CNC Machine Setter | Team |
Lynne Cameron | Financial Controller | Team |
Complete people profiles for THREE60 Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by THREE60 Energy
THREE60 Energy has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Hydratron and SengS.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Supplier of high-pressure and flow control equipment and valve testing systems | hydratron.com | North Shields, United Kingdom | 1981 | Jun 2018 | $1.47M | |
Testing and engineering consulting services are provided by SengS. | sengs.org.uk | Ellon, United Kingdom | 2012 | Nov 2016 | •••• |
Complete acquisition details for THREE60 Energy
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of THREE60 Energy
5 dated milestones of THREE60 Energy across 10 years, from founding to its latest funding, stage changes and deals.
- Founded THREE60 Energy is founded.
- Acquisition Acquires SengS.
- Acquisition Acquires Hydratron.
- Funding First funding round of $5.8M.
- Exit Acquired by Three60 Energy.
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Frequently Asked Questions about THREE60 Energy
THREE60 Energy was founded in 2014 and raised its 1st funding round 4 years after it was founded.
THREE60 Energy is headquartered in Newcastle Upon Tyne, United Kingdom.
Engineering and energy solutions are delivered by THREE60 Energy across the asset lifecycle, from design to decommissioning. Services are offered in sectors like oil gas, renewables, carbon capture, marine, defense, and nuclear. Comprehensive lifecycle support is provided through specialized service lines including subsurface, wells, subsea, EPCC, operations, and product solutions. Sustainable practices are integrated into operations with a focus on ESG principles. Global presence is maintained with offices in multiple countries to maximize asset value for clients.
THREE60 Energy offers Subsurface Services, Wells Engineering, Subsea Engineering, EPCC Services, and 2 more products and services.
THREE60 Energy has 2 investors. Key investors include Three60 Energy, and Independent Growth Finance.
THREE60 Energy operates through Three60 Energy.
Yes. THREE60 Energy was acquired by Three60 Energy in January 2024.