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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