Mansefield Investments, led by Aberdeen businessman and energy industry veteran, Mark Patterson, has appointed a legal counsel.
David Rennie, former managing partner of law firm, Stronachs, has joined the family investment firm as it explores opportunities in the energy sector which have the potential to reduce carbon emissions and accelerate the use of electrification.
In addition to investing in low carbon energy ventures, Mansefield Investments will provide consultancy, support and services to help distressed businesses in the North-east of Scotland from its recently established office in the granite city’s west end (Rubislaw Terrace).
Serial entrepreneur, Mark Patterson, who has a track-record in building and selling businesses in the oil and gas industry, including Balmoral Group, Nautronix and latterly Well-Safe Solutions, is now focused on the family investment firm so that he can work more closely with his family.
Patterson says, “We set up Mansefield Investments as a family firm to provide a vehicle to enable myself and my family – to work together, to branch out and explore new opportunities. I have thoroughly enjoyed the experience in the last 9 months, and we are now working on a very exciting project. It’s great for me to share some of the things I have learnt, good and bad, and help them in their future career paths.”
“Central to our vision is the desire to bolster and diversify the North-east economy, by supporting local businesses and creating new ones which have scalable, sustainable growth potential, particularly in green energy. Equally, with David’s commercial experience and legal background and my long and varied career in oil and gas, we want to work with companies who are struggling in the current climate, helping them to survive and then thrive and, as a result, helping to safe-guard and create jobs,” he adds.
Harry and Philip Patterson have owned CARS Recovery & Garage Services for over 12 years, growing the business to be one of the largest vehicle recovery fleets in Scotland. The brothers have joined the Mansefield Investments’ team to focus on renewable and electrification projects.
Harry Patterson adds, “We have promoted internally, to create a strong management team to continue the growth of CARS Recovery while Philip and I concentrate on the investments we are presently considering with Mansefield.”
A corporate and commercial lawyer with over 35 years’ experience in mergers, acquisitions and disposals, equity investment and banking, Rennie joins Mansefield Investments after 23 years as a partner with Stronachs. Despite this new role with Mansefield Investments, Rennie will remain a consultant with the Aberdeen law firm, continuing to act for a diverse range of clients including privately owned companies, as well as those with investor backing.
Commenting on joining Mansefield Investments, Rennie, says, “Having worked with the Patterson family for a number of years, I’m delighted to be joining them and excited about the opportunities we are currently exploring, particularly in relation to solutions for tackling climate change and achieving net-zero.”