Brown & Root agrees to acquire SWAT
One Equity Partners (OEP), a middle market private equity firm and partner with KBR in Brown & Root Industrial Services, announced that portfolio company Brown & Root Industrial Services has signed a definitive agreement to acquire Specialty Welding and Turnarounds (SWAT), a leading turnaround, cooling tower and industrial catalyst services provider. This transformational acquisition creates one of the largest specialty welding […]
Goodyear completes divestiture of chemical business
The Goodyear Tire & Rubber Company has completed the previously announced divestiture of the majority of its Goodyear Chemical business to an affiliate of Gemspring Capital Management, LLC, effective Oct. 31, 2025, for a purchase price of $650 million, subject to adjustments. At the time of closing, Goodyear received cash proceeds of approximately $580 million, which […]