OIL services firm TWMA has been acquired by a group of investors following a substantial investment by Buckthorn Partners who were advised by US law firm Sidley Austin and Brodies.  

TWMA, the Aberdeen-based firm, which specialises in helping oil and gas firms manage the waste products from activities such as drilling, was acquired from funds managed by the Lime Rock private equity business.

Brodies’ role included corporate, real estate and HSE due diligence reporting, together with general advice on Scots law matters.

The institutions supporting the transaction included Souter Investments, Aberdeen Asset Management and Canada’s BMO Global Asset Management.