Williams completes sale of several Gulf Coast pipeline systems
TULSA, Okla. — Williams has sold certain pipeline systems located in the Gulf Coast area to Easton Energy LLC for $177 million in cash. The sale closed Nov. 30, 2018. The 31-mile Texas Belle Pipeline, which transports natural gas liquids from Mont Belvieu, Texas, to customers along the Houston Ship Channel, is included in this […]
Dominion Energy combines with SCANA Corp.
RICHMOND, Va. — Dominion Energy Inc. and SCANA Corp. have completed their proposed merger, benefiting customers and communities in Georgia, North Carolina and South Carolina. Thomas F. Farrell II, chairman, president and CEO of Dominion Energy, said, “Dominion Energy is pleased to add SCANA’s fast-growing, high-performing Southeastern businesses to our 18-state footprint. Together, we are […]
LS Power completes acquisition of CPower Energy Management
NEW YORK and BALTIMORE — LS Power, a U.S. power and energy infrastructure owner, has completed its acquisition of Enerwise Global Technologies Inc. (trade name “CPower”) for a private fund it manages. CPower will now operate as a standalone entity under the LS Power umbrella of companies. This acquisition underscores LS Power’s ongoing focus on […]
Chesapeake Utilities Corp. acquires Marlin CNG Services
DOVER, Del. — Chesapeake Utilities has acquired Marlin CNG Services, a premier North American supplier of mobile compressed natural gas (CNG) utility and pipeline solutions. “With increased opportunities for mobile fuel and virtual pipeline solutions on the horizon, this acquisition aligns with our strategic plan as we expand the scope of our services throughout our […]
BrandSafway acquires Cabrillo Hoist, Lyndon Scaffolding PLC
KENNESAW, Ga. — BrandSafway and SafwayAtlantic, a BrandSafway company, have acquired Cabrillo Hoist, a leading provider of construction hoists and elevators. Cabrillo Hoist provides complete rental, erection, operation and maintenance services for personnel and material hoists in the greater Los Angeles, San Diego, San Francisco and Seattle areas. Moving forward, Cabrillo Hoist will operate as […]
EES signs LOI to acquire Patriot Chemicals
OKLAHOMA CITY — Energy and Environmental Services Inc. (EES) has signed a nonbinding letter of intent (LOI) to merge Patriot Chemicals & Services LLC into the company. Subject to the terms in the letter of intent, upon completion of the merger, EES will pay to Patriot shareholders $300,000 in cash, $300,000 in notes and 2 […]
Chevron to buy Petrobras Pasadena refinery for $350M
SAN RAMON, Calif. — Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corp., recently signed a share purchase agreement with Petrobras America Inc. to acquire all the outstanding shares and equity interests of Pasadena Refining System Inc., which includes the refinery in Texas and PRSI Trading LLC, for $350 million, excluding working capital. Assets […]
United Rentals to acquire BakerCorp
United Rentals Inc. and BakerCorp International Holdings Inc. have entered into a definitive agreement under which United Rentals will acquire BakerCorp for approximately $715 million in cash. The boards of directors of United Rentals and BakerCorp have unanimously approved the agreement. The transaction is expected to close in the third quarter of 2018. BakerCorp has […]
Ideal-Tridon acquires Clamp S.r.l., Campbell Fittings
Ideal Tridon Holdings Inc., a portfolio company of Snow Phipps Group, has completed the acquisitions of Clamp S.r.l. and Campbell Fittings Inc. Clamp is a manufacturer and distributor of clamps for the industrial aftermarket in Europe. The acquisition provides Ideal-Tridon with a broad clamp product offering and strong customer base that Ideal-Tridon will leverage to […]
Pure Safety acquires Ty-Flot
Pure Safety Group (PSG) recently purchased Ty-Flot Inc. The transaction closed June 15. Through the Ty-Flot acquisition, PSG will bring 126 granted or pending patents into PSG’s expansive proprietary portfolio, and add dropped object prevention products (tool tethers, anchors, attachment points and containers) as a new PSG product offering in the PSG premium product line […]
Double Eagle, FourPoint to merge, form DoublePoint Energy
Double Eagle Energy Holdings III LLC and FourPoint Energy have formed a new company named DoublePoint Energy LLC, which will be a pure-play Midland Basin company with over 70,000 acres in the core areas of the oil-rich, multi-pay zones in Midland, Glasscock, Martin, Howard, Upton and Reagan Counties, Texas. The assets of the new company […]
Keyera acquires U.S. liquids terminals business
Keyera Corp.’s wholly owned subsidiary, Keyera Energy Inc., has recently closed the acquisition of a logistics and liquids blending terminal near Tulsa, Oklahoma, for a purchase price of $80 million (subject to adjustments) plus up to $10 million in additional consideration over five years. The terminal receives, blends and delivers diluent, the majority of which […]
Montana Public Service Commission OKs Hydro One, Avista merger
The Montana Public Service Commission has voted to approve the proposed Hydro One Ltd. and Avista Corp. merger with conditions. In reaching its decision, the commission adopted the commitments as originally filed in this docket but reserved, on its own motion, the right to incorporate heightened commitments relevant to Montana established in other jurisdictions. The […]
Hexagon acquires PipingDesignOnline.com
Hexagon’s PPM division has acquired PipingDesignOnline.com. The website offers self-paced, in-depth training for CADWorx plant design software, CAESAR II pipe stress analysis software and PV Elite pressure vessel analysis software. More than 450,000 videos have been viewed at PipingDesignOnline.com by users in 147 countries. Certificates of completion are available for users to document their training […]
Paramount to sell assets in Resthaven/Jayar region for $340M
Paramount Resources Ltd. has entered into a purchase and sale agreement with Strath Resources Ltd. pursuant to which Strath will acquire Paramount’s oil and gas properties and related infrastructure at Resthaven/Jayar in the Kakwa region in Alberta for $340 million. Upon closing, Paramount will hold a 16-percent equity interest in Strath, and Jim Riddell, Paramount’s […]
Dürr forms environmental tech systems supplier with acquisition of Babcock & Wilcox Enterprises Inc.
Dürr is forming a leading supplier of environmental technology systems for industrial exhaust-air purification, following the acquisition of the industrial environmental technology business of Babcock & Wilcox Enterprises Inc. (B&W). The purchase agreement comprises the acquisition of the three B&W subsidiaries: Babcock & Wilcox MEGTEC LLC, Babcock & Wilcox MEGTEC Holdings Inc., and Babcock & Wilcox […]
