Mon, Jan 26, 2015, 5:59 AM EST - U.S. Markets open in 3 hrs 31 mins


% | $
Quotes you view appear here for quick access.

ENGlobal Corp. Message Board

  • selllowtome selllowtome Jun 26, 2013 8:08 AM Flag

    Brinderson being acquired

    Yesterday Aegion announced its planned acquisition of 2,000-employee Brinderson, L.P. for $150M. Brinderson is a leading integrated service provider of maintenance, construction, engineering and turnaround activities for the upstream and downstream oil and gas markets. According to Brinderson's CEO: The transformation of the United States energy market towards self-reliance is expected to bring significant investment in the refining and petrochemical segment. As a partner with Aegion, Brinderson is well positioned to assist its clients with this anticipated growth."

    Previously, Brinderson Holdings was looking to acquire strategic add-ons for their Engineering, Procurement, and Construction (EPC) company. They have a strategic focus of adding companies with an emphasis on electrical and instrumentation, maintenance and engineering, or specialized niche, with revenues between $10M-$50M. For engineering companies, they were interested in firms located in Bakersfield, HOUSTON, San Francisco, or in Southern California.

    Interesting to see if Brinderson/Aegion would consider a firm like ENG.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
1.66-0.030(-1.78%)Jan 23 3:59 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.