Equinor sells Eagle Ford assets to Repsol for $325 million
Norway’s Equinor recently agreed to sell its shale assets at the Eagle Ford shale formation to Repsol for $325 million. The company holds 69,000 net acres in the formation via a joint venture with Spanish Repsol, and its equity production from the Eagle Ford averaged 43,000 boe per day, or 2 percent of its total […]
Justrite Safety Group acquires Compliancesigns.com
Justrite Safety Group recently acquired Compliancesigns.com, a safety identification manufacturer that sells safety signs, labels and tags largely through e-commerce channels. This acquisition is intended to further strengthen Justrite’s capabilities in the safety identification product category and address shifting customer purchasing trends to e-commerce. For more information, visit www.justrite.com or call (800) 798-9250.
CUI Global agrees to sell power business to Bel Fuse
CUI Global Inc. and Bel Fuse Inc. have entered into an asset purchase agreement under which CUI Global will sell the majority of the CUI Power Business to Bel for $32 million, plus the assumption of certain liabilities and subject to closing working capital adjustments. The CUI Power Business is a division within CUI Global’s […]
BHI Energy grows T&D business with Plaska acquisition
BHI Energy has acquired Plaska Transmission Line Construction LLC, a fully licensed electrical contractor providing distribution, transmission and storm restoration services for customers throughout Texas, Arizona, Kansas, New Mexico and Oklahoma. Terms of the transaction were not disclosed. Based in Amarillo, Texas, Plaska specializes in installation, repair and maintenance services on overhead electrical power lines […]
BrandSafway acquires Bowline Construction LLC
In a move to expand its commercial motorized access offerings, BrandSafway has acquired Bowline Construction LLC, a leading provider of commercial construction access systems in the New England region. Headquartered approximately 15 miles south of Boston in Norwell, Massachusetts, Bowline has worked with a broad range of builders, contractors, construction managers, owners and developers to […]
Kinder Morgan closes Pembina transactions
The Pembina Pipeline Corp. has acquired the U.S. portion of the Cochin Pipeline for $1.546 billion. In addition, Pembina has acquired all of the outstanding common equity of Kinder Morgan Canada Ltd. (KML). Under the arrangement, Kinder Morgan Inc. (KMI) will receive .3068 shares of Pembina for each KML share it holds. This exchange ratio […]
US Ecology merges with NRC Group
US Ecology Inc. recently completed its merger with NRC Group Holdings Corp., a national leader in comprehensive environmental, compliance and waste management services providing the marine and rail transportation, general industrial and energy industries in an all-stock transaction. “NRC brings highly complementary services and customers to US Ecology through its substantial nationwide service network, creates […]
Energy Transfer, SemGroup successfully complete merger
Energy Transfer LP and SemGroup Corp. have completed their previously announced merger, which resulted in the acquisition of Tulsa-based SemGroup by Dallas-based Energy Transfer. As a result of the merger, Energy Transfer issued approximately 57.6 million of its common units to SemGroup stockholders. The combined operations of the two companies are expected to generate annual […]
Total Safety acquires Pacific Coast Tool
Total Safety recently acquired Pacific Coast Tool (Pac Coast) to expand its distribution offerings to power utility customers. Pac Coast is based in Southern California and serves utility and industrial customers with supplies, tools and safety products. Pac Coast will operate and be integrated under Total Safety’s specialty distribution business unit, which operates under the […]
RefComm® revs up offerings with new parent company
Refining Community and Coking.com, which produce the RefComm® refinery training, conference and exhibition event, have been acquired by global metals, mining and fertilizer powerhouse CRU. The organization will operate under the name RefComm and continue to offer industry-leading training and field services in the delayed coking and fluid catalytic cracking sectors, while also producing the […]
Business debt: Minimize risks, maximize opportunities
Businesses have increased borrowing levels to the point where debt outstanding for nonfinancial businesses was over $15 trillion as of September 2018, according to Deloitte. Businesses borrow for a number of reasons: to buy assets such as equipment and real estate, to acquire other businesses, to support working capital, to expand into new segments and […]
