Acquisitions

Global engineering and construction company McDermott has sold its CB&I business, which specialises in the design and manufacturing of storage facilities, tanks, and terminals and energy and industrial markets, to a consortium of financial investors.

Global energy company Woodside has signed a revised engineering, procurement, and construction (EPC) contract with Bechtel in the US for the development of Louisiana LNG.

Industrial gas distributor Maine Oxy has acquired an equity position in Pennsylvania-based Torco Supply Co., an industrial equipment supplier.

Brazil-based Metalplan Equipamentos LTDA has been acquired by Atlas Copco Group.

Reliance Finance and Investments has signed a deal to acquire a 21% stake in US-based helium gas exploration company Wavetech Helium, Inc. (WHI) for $12m.

Atlas Copco has acquired the compressor business of Malaysia-based JetCan Engineering Sdn Bhd (JetCan).

Finnish energy company Gasum has acquired its first Denmark-based biogas plant through its purchase of Hærup Biogas ApS.

The Kenan Advantage Group (KAG) has acquired Texas-based XBL Holdings, along with its subsidiaries Xcel Bulk Logistics and XBL Industrial Materials.

The Kenan Advantage Group (KAG) has acquired Michigan-based PRM Trucking, expanding its dry bulk transportation services.

Pennybacker Capital Management has acquired Miami LNG, New Fortress Energy’s Florida-backed liquefied natural gas (LNG) production and distribution business.