Sabre saved along with 15 oil services jobs
Administrators KPMG received strong interest in the Cupar business and chose Starn, a private equity-backed oilfield services business with a UK base and international presence.
Its aim is to build a group of businesses focused on safety and delivering economic benefit to its customers.
Blair Nimmo, joint Administrator, said: “We are pleased to announce completion of the sale to Starn Energy Services Group which will preserve employment, allow continuity of customer service and provide an excellent opportunity for the purchaser to develop the UK and international services offered by Sabre.
“Notwithstanding difficult times for the oil and gas sector, the outcome achieved here demonstrates that appetite for investment in businesses in this sector continues to exist, under the right circumstances.”