ModuSpec

Best-in-class provider of drilling rig integrity, compliance and verification services.

ModuSpec

Sector

Energy (professional services)

Fund

Fund I

Investment Date

October 2020

Status

Realised March 2024

The Company

ModuSpec is a leading provider of rig integrity and related compliance services active in both Europe and the Americas. It serves a customer base of blue chip energy companies, offering mission critical services in the rig lifecycle

The Investment

ModuSpec, a division of the Vysus Group, was sold to MR Group, a privately owned upstream oil and gas services business, in March 2024

Key Contact

Callum Fyfe

Callum Fyfe

Portfolio Director

cfyfe@inspiritcap.com

Callum joined Inspirit Capital in July 2024 to lead on strategic projects and value creation initiatives within the portfolio. He was previously a Director in the Teneo Financial Advisory team, which he joined following its acquisition of Deloitte’s UK restructuring services business.

Callum is a Chartered Accountant and an Associate of the Institute for Turnaround. He has over 15 years’ experience partnering with management teams to navigate transactions and periods of change. His experience also includes secondments into senior finance roles within corporates and to the portfolio management team at LDC.