Air Energi and Swift Worldwide Resources agree on merger

Air Energi Group Limited and Swift Worldwide Resources Limitedhave merged to form Airswift Holdings Limited, a US$1.2 billion turnover company specialising in global workforce solutions for the energy, process and infrastructure industries.

The transaction was structured as an all-stock merger backed by Swift and Air Energi’s private equity backers, Wellspring Capital Management and LGV Capital.

Airswift brings together two of the world’s leading names in energy recruitment. With the largest geographic footprint in the industry, Airswift will offer a suite of workforce solutions on a worldwide basis,vincluding recruitment for contract staff and permanent hires, resource consultancy, global mobility and managed solutions.

Airswift will be led by new CEO, Peter Searle, former chief executive of Adecco in the UK and Ireland. Peter brings more than 28 years of experience in the global recruitment sector. Ian Langley, founder and chairman of the board at Air Energi, will serveas chairman of Airswift, and Janette Marx, chief operating officer of Swift, will become Airswift COO.

The company will have a total of 57 operating locations, employmore than800 people globally and managea deployed workforce exceeding 6,000 worldwide. Airswift will have three corporate hubs in Manchester, UK, Houston, US and Singapore.