Cabot Oil & Gas, Cimarex Energy combine
HOUSTON and DENVER — Cabot Oil & Gas Corp. and Cimarex Energy Co. have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. The combination will bring together two industry-leading operators with top-tier oil and natural gas assets to create a diversified energy leader that is positioned to […]
BrandSafway acquires JA Electronics Manufacturing Co.
KENNESAW, Ga. — BrandSafway recently acquired JA Electronics Manufacturing Co., a privately owned business specializing in providing the corrosion control industry with cathodic protection equipment, custom engineered using the latest technology. “By bringing JA Electronics Manufacturing products and solutions to BrandSafway and MATCOR by BrandSafway, we will be able to more effectively grow our cathodic […]
Kinder Morgan to purchase Stagecoach Gas Services
HOUSTON — Kinder Morgan Inc. (KMI) has agreed to acquire Stagecoach Gas Services LLC. Stagecoach consists of four natural gas storage facilities with a total FERC-certificated working gas capacity of 41 billion cubic feet and 185 miles of natural gas pipelines with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline, a […]
BancorpSouth, Cadence to combine
TUPELO, Miss. and HOUSTON — BancorpSouth Bank (BXS) and Cadence Bancorporation (CADE), the parent company of Cadence Bank, N.A., have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion to create a leading Texas and southeastern regional bank. Under […]
Grace completes acquisition of Fine Chemistry business
COLUMBIA, Md. — W. R. Grace & Co. recently completed its acquisition of the Fine Chemistry Services business (FCS) of Albemarle Corp. for approximately $570 million, including $300 million paid in cash and $270 million funded through the issuance to Albemarle of nonparticipating preferred equity of a newly created Grace subsidiary. “This investment represents an […]
United Rentals acquires Franklin Equipment
STAMFORD, Conn. — United Rentals Inc. has acquired Franklin Equipment LLC, a regional provider of equipment rentals, sales and related services in the Midwest and Southeast. Franklin Equipment was founded in 2008 and grew to 20 locations serving general contractors in Ohio, Indiana, Wisconsin, Kentucky, Tennessee, Alabama, Georgia and South Carolina. Matthew Flannery, president and […]
Pro-Surve acquires Walzel Technical Services
LEAGUE CITY, Texas — Pro-Surve Technical Services Acquisitions LLC has acquired Walzel Technical Services Inc., an established and proven inspection service provider in Ingleside, Texas, and South Texas for more than 30 years. Walzel’s tenured staff provide enhanced synergy to Pro-Surve Technical Services with its depth of advanced ultrasonics, thorough understanding of on and offshore […]
CIRCON adds WITS, increases CWT services
NEW YORK — CIRCON Environmental recently acquired Water Integrated Treatment Systems (WITS) to further boost the company’s centralized waste treatment (CWT) capabilities. WITS supplies waste treatment services managing nonhazardous liquids for water treatment, nonhazardous waste streams for solidification, and oil/water for recovery and treatment. WITS operates CWT facilities in Dolton, Illinois, and Kenosha, Wisconsin, and […]
Magellan Midstream sells partial interest in MVP Terminalling
TULSA, Okla. — Magellan Midstream Partners LP has sold nearly half of its membership interest in its Pasadena marine terminal joint venture, MVP Terminalling LLC, to an undisclosed financial buyer for $270 million. Magellan now owns approximately 25-percent of MVP Terminalling and remains the operator of the facility. MVP Terminalling owns a refined petroleum products […]
Monument Chemical expands Gulf Coast footprint by acquiring KMTEX
Monument Chemical has acquired KMTEX LLC, a specialty chemical toller based in Port Arthur, Texas. This acquisition brings Monument a portfolio of complementary technologies and will significantly expand its overall toll processing capability with the addition of a fourth location in Texas, located on the Sabine River intercoastal waterway. “M&A activity is an important component of […]
