EXPLORATION LOGISTICS GROUP GEARS UP FOR NEW ADVENTURES
Mitcheldean, Gloucestershire, 5th January 2011: Exploration Logistics Group, the specialist provider of remote site medical, health, safety and mine clearance services today announced that MML Capital Partners have taken a minority interest in the Group, positioning the company for a further period of development and expansion.
Exploration Logistics Group has been a key partner in medical and safety services to commercial organisations, governments, institutions and major humanitarian initiatives worldwide for more than 25 years. Through its divisions Frontier Medical, Exlogs Safety, MineTech International, Exlogs Canine Services and Medekit, the company provides specialist remote site medical support, a range of safety support services including field specialists, driver training and mountaineering support, landmine and ordnance remediation services and medical supplies and equipment. As a specialist supplier to the oil and gas industry, the Group has been instrumental in developing safety standards, improving operational efficiency and enhancing employee health and welfare.
MML Capital Partners, a leading private equity firm and transatlantic investor, is backing the existing Exploration Logistics management team to continue its development of the Group’s high quality health and safety service offering.
The Group is spearheaded by CEO Tim Mitchell, former EVP Strategic Development for Kroll globally and President of Kroll Security Group in the UK, who joined the Exploration Logistics in 2008 to implement an investment-driven growth strategy.
Says Mr Mitchell, “This move provides a significant injection of new equity to facilitate future acquisition and investment by Exploration Logistics Group as well as securing the support of a key international business partner in an important period of opportunity. MML has significant experience on both sides of the Atlantic and we are looking forward to the support of an effective and influential strategic partner as we work to take our business forward and to strengthen our range of specialist medical, health and safety services in a global market.”
Ian Wallis, Managing Partner at MML commented, “Exploration Logistics has an excellent track record of enabling its clients to operate in a broad range of remote environments. We are excited about the opportunity to partner with a high quality management team to continue to grow their business through service offering and geographic expansion.”
The last five years have seen significant growth for Exploration Logistics Group, both organic and through acquisition, in an environment of increasingly scarce natural resources and political instability. As well as working extensively with the oil, gas and mining industries, Frontier Medical, the group’s remote site medical division, is currently supporting MOD operations in Afghanistan and MineTech International, the Group’s specialist mine clearance division, is conducting widespread demining operations in Sudan and Chad on behalf of the United Nations.
This year Exploration Logistics Group was recognised for its success in maintaining significant growth in international sales as one of the UK’s leading exporters of goods and services in the Sunday Times International Track 100.
Exploration Logistics Group: Jo Foster at Wide Blue Yonder tel: 07973 960133, e: jofoster@wbypr.co.uk
MML Capital Partners: Tom Pankovas at Moorgate Group tel: 020 7377 4994, e: tom.pankovas@moorgategroup.com
About Exploration Logistics Group (www.exlogs.com)
Reducing risk and enhancing efficiency in isolated and hazardous environments around the globe, Exploration Logistics Group delivers world-class medical and safety solutions that overcome the many challenges of remote site operations. With a head office in Mitcheldean, Gloucestershire, the company has offices in Washington DC, Canada and Dubai, with more than 1200 field staff and personnel in locations all round the world.
About MML Capital Partners
MML Capital Partners (www.mmlcapital.com) is a leading pan-European and transatlantic independent investment firm with over $2 billion invested across 11 countries during the last 20 years. It provides capital to businesses for expansion/acquisitions, recapitalizations and management buyouts. MML has offices in London, Paris, Frankfurt and Stamford, Conn., as well as an affiliated Central European Fund with offices in Vienna, Budapest, Warsaw Bucharest and Kiev.
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