21st Dec 2015 08:02
LONDON (Alliance News) - John Wood Group PLC Monday said it has bolstered its onshore construction business in the US after acquiring privately-owned service company Kelchner Inc.
Kelchner will operate within John Wood's PSN Americas business, providing construction capabilities primarily to the midstream and upstream oil and gas sector in the Marcellus and Utica shale basins, and broader industrial sectors.
John Wood did not provide any financial details of the acquisition.
Kelchner generated sales totalling USD93.0 million in 2014 by offering turnkey compressor and metering stations, civil work, fabrication, roustabout and well pad and roadway construction services to the energy and industrial markets.
Wood Group PSN, under which Kelchner will operate, is John Wood's subsidiary that provides pre-operation, commissioning, maintenance, engineering, construction, project management and decommissioning services to the energy industry around the globe.
By Joshua Warner; [email protected]; @JoshAlliance
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