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Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Sun., Jul. 3, 4:38 PM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #37. 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, infrastructure, construction, and maintenance services to the oil, natural gas, power, petrochemical, industrial, agricultural, mining and minerals markets. Co.'s segments are: Utility and Power Infrastructure, which provides power delivery services to investor owned utilities and provides construction and maintenance services to power generation facilities; Process and Industrial Facilities, which serves customers who are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids; Storage and Terminal Solutions, which consists of work related to aboveground storage tanks and terminals.

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Company Name: 
Matrix Service Co.
Stock buyback: 
MTRX buyback
Number of ETFs Holding MTRX: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Strong Buy (4.00 out of 4)
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