Sector News

Wood Group buys Kelchner Inc

December 21, 2015
News

Wood Group announced Monday that it has acquired Kelchner Inc, a privately-owned US-based provider of construction and energy field services.

Kelchner will operate within the onshore business of Wood Group PSN Americas, providing construction capabilities primarily to the midstream and upstream oil and gas sector in the Marcellus and Utica shale basins, and broader industrial sectors. The firm serves the energy and industrial markets providing turnkey compressor and metering stations, civil work, fabrication, roustabout and well pad and roadway construction services. In 2014 Kelchner generated sales of approximately $93 million.

Dave Stewart, Wood Group PSN CEO, commented in a company statement:

“The acquisition of Kelchner adds to Wood Group’s geographical footprint in the major US shale regions, extending our presence to Marcellus and Utica, where we will leverage Kelchner’s 65 years of expertise to enhance our client service provision.

“Kelchner’s construction and energy services strongly complement Wood Group’s engineering capabilities, positioning both companies well for continued success in the region.”

Todd Kelchner, CEO of Kelchner Inc, said in a company statement:

“Our company is driven by a passion for continuous improvement and innovative methods. Our mission, values, dedicated people and strategic diversification across energy, industrial and general construction markets greatly contributed to our past successes. Joining Wood Group PSN, a company that shares our values and culture, positions us for future success as we continue to strive to exceed our clients’ expectations.”

Source: RigZone

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