ShawKwei & Partners, an Asian private equity industrial investor, has successfully completed the $165m acquisition and delisting of PEC Ltd from the Singapore Exchange. The acquisition was executed through Liberty Energy Solutions, an investment platform under ShawKwei’s control. PEC, founded in 1982 and headquartered in Singapore, is a prominent provider of maintenance and engineering procurement and construction services for the oil, gas, and petrochemical industries.
The acquisition marks a significant step for Liberty Energy, which aims to enhance its global platform with top-tier energy services. Liberty Energy, which already owns CR3 Group and ZymeFlow LLC, plans to integrate PEC’s operational capabilities to establish a leading provider of comprehensive energy solutions. Kyle Shaw, Founder and Managing Partner of ShawKwei and Chairman of Liberty Energy, stated, “This addition of PEC’s operational expertise to Liberty Energy strengthens CR3’s engineering and manufacturing capabilities, broadens the group’s geographic spread of customers, and creates more opportunities for ZymeFlow’s proprietary decontamination technology.”
PEC will continue to operate under the leadership of Chair Edna Ko and CEO Robert Dompeling, who will now work within Liberty Energy to address global energy service demands. ShawKwei & Partners, established in 1998, focuses on investing in industrial and service companies across Asia, Europe, and the US, aiming to improve business performance through strategic partnerships.
The acquisition is expected to accelerate Liberty Energy’s strategic development, positioning it to better serve global clients with world-class products and services in the evolving energy industry.
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