Scottish Company Buys OH Construction Co for Utica/Marcellus Work

Wood Group, a $7 billion energy services company headquartered in Aberdeen, Scotland, announced this morning they are purchasing Kelchner Inc., a privately-owned construction firm. Kelchner is located in Ohio and concentrates on providing civil engineering and construction services for midstream and upstream companies in the Marcellus/Utica. Terms of the deal were not disclosed, but Kelchner generated sales of $93 million last year and Wood just got done buying a similar company along the Texas Gulf Coast by the name of Infinity Group for $150 million. So it wouldn’t surprise us if they paid a similar amount for Kelchner…
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Energy Services Co Wood Group Buys Competitor, Access to Marcellus/Utica

Wood Group, a company with $7 billion in sales and 43,000 employees worldwide, is an international energy services firm (engineering, construction, etc.) that targets the oil and gas drilling industry. The Wood Group announced today they’re acquiring a much smaller competitor–Elkhorn Holdings Inc., a construction services firm with a presence in the Marcellus and Utica Shale region. Elkhorn, based in Wyoming, has 2,200 employees.

The buyout means Wood Group will expand further into the Marcellus/Utica and more than double the number of their shale-focused employees. It also means an expanded product offering for Wood throughout the U.S. Today’s announcement from the Wood Group:
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