Doughty Hanson to Acquire ASCO Group

Doughty Hanson & Co, one of the largest independent private equity firms in Europe, today announced that it is to acquire ASCO Group, the largest global provider of outsourced logistics services and solutions to the oil and gas (O&G) industry, from Phoenix Equity Partners.

ASCO provides oilfield logistics services, co-ordinating the supply of goods destined for (and returning from) oil rigs and platforms. This includes the delivery of everything from drilling equipment to food supplies. ASCO is also involved in specialist international logistics and oilfield waste management.

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