Calash is pleased to announce that it provided commercial due diligence to ICR, a Graphite Capital backed business, on Sky Futures, a leading provider of unmanned systems and robotic led inspections.
ICR is an Aberdeen-headquartered company that provides technology-enabled inspection, repair, and maintenance services to the global energy and industrial sectors.
Calash provided commercial due diligence, which included a review of its business activities, underlying commercial drivers across the oil and gas and renewables sectors, a review of its addressable market, a competitive analysis exercise, a review of its business plan, and extensive customer and market referencing. The work also included an extensive review of its technology, commentry on margins and general pricing and legislative challenges to using UAV in inspections.
The Calash team included John Corbett and Callum Evett.
Read the news release here
Sky Futures was established in 2009, with a customer track record spanning 42 countries across UK, USA, South America, Europe, Africa, Middle East, South East Asia, and APAC. It is a distinguished leader in UAS inspection services, catering to global clients across industries including; oil and gas, renewables, marine and port services, civil infrastructure and telecommunications.
ICR was established in 2011, it serves clients across the North Sea, the Middle East and Australia, with emerging operations in America. The group operates through three divisions: Repair (engineered composite repairs, weldless connectors, leak sealing and specialist onsite machining), Inspection and Integrity (composite inspection, Integrity monitoring, drone inspection and asset integrity software) and Preservation (chemical injection pumps).
Graphite Capital is a leading UK mid-market private equity, which has backed over 100 businesses since 1990, each valued at between £30 million and £150 million.
