Energy M&A » By The Online Investor Staff, updated Tue., May. 7, 10:04 PM
Recent mergers and acquisitions in the Energy M&A category.
Slide #97. Matrix Service Company — North American Construction Business From Kvaerner
Acquirer: |
Matrix Service Company (NASDAQ:MTRX) |
Acquiree: |
North American Construction Business From Kvaerner |
Details: |
Matrix Service Company (Nasdaq:MTRX) has completed the acquisition of Kvaerner North American Construction, Ltd. and substantially all of the assets of Kvaerner North American Construction, Inc., from subsidiaries of Kvaerner ASA. Going forward, the businesses will be known as Matrix North American Construction Ltd. ("MNAC Ltd.") and Matrix North American Construction, Inc. ("MNAC, Inc."). "The completion of this transaction marks a major milestone in the strategic development of Matrix Service Company and we are excited about the opportunities our new team members will create in our overall business," noted John R. Hewitt, President and Chief Executive Officer. |
Matrix Service provides engineering, fabrication, construction, and maintenance services to support energy infrastructure and industrial markets. Co.'s segments are: Storage and Terminal Solutions, which primarily consists of engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals; Utility and Power Infrastructure, which primarily consists of engineering, procurement, fabrication, and construction services to support LNG utility peak shaving facilities; and Process and Industrial Facilities, which primarily consists of plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients.
Open the MTRX Page at The Online Investor »
Company Name: |
Matrix Service Co. |
Stock buyback: |
MTRX buyback |
Website: |
www.matrixservicecompany.com |
Sector: |
Construction |
Number of ETFs Holding MTRX: |
7 |
Total Market Value Held by ETFs: |
$31.25M |
Total Market Capitalization: |
$321.00M |
% of Market Cap. Held by ETFs: |
9.74% |
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May 7, 2024 10:04 PM Eastern
Strong Buy (4.00 out of 4)
85th percentile
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