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Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Mon., Feb. 17, 8:51 AM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #67. Furmanite Corporation ENGlobal's Gulf Coast Operations

Acquirer: Furmanite Corporation (FRM)
Acquiree: ENGlobal's Gulf Coast Operations (ENG)
Details: Furmanite Corporation (NYSE:FRM), reported today that it has entered into an agreement to acquire certain professional service assets of ENGlobal Corporation (NASDAQ:ENG). Included in the assets to be acquired are offices in Beaumont, Texas; Deer Park, Texas; Freeport, Texas; Baton Rouge, Louisiana and Lake Charles, Louisiana, which provide specialty technical services relating to the development, management and execution of projects, as well as ENGlobal's related In-Plant operations throughout the Gulf Coast region which are supported by those offices. These combined ENGlobal operations provide project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, quality assurance and plant asset management services. Current ENGlobal customers include refining/petrochemical operators as well as maintenance and Engineering and Construction contractors serving the downstream and midstream oil and gas markets.

Furmanite, together with its subsidiaries, operates through two segments. The Technical Services segment provides services such as leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing and non-destructive testing and inspection services, as well as on-site machining, heat treatment, bolting, valve repair and non-destructive testing and inspection services. The Engineering & Project Solutions segment provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, and plant asset management services, as well as inspection and project management services.

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Furmanite, together with its subsidiaries, operates through two segments. The Technical Services segment provides services such as leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing and non-destructive testing and inspection services, as well as on-site machining, heat treatment, bolting, valve repair and non-destructive testing and inspection services. The Engineering & Project Solutions segment provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, and plant asset management services, as well as inspection and project management services.

Open the ENG Page at The Online Investor »

Company Name: 
Furmanite Corp
Website: 
www.furmanite.com
Sector: 
Construction
Company Name: 
ENGlobal Corp.
Stock buyback: 
ENG buyback
Website: 
www.englobal.com
Sector: 
Business Services & Equipment
Number of ETFs Holding ENG: 
11
Total Market Value Held by ETFs: 
$354079
Total Market Capitalization: 
$27.00M
% of Market Cap. Held by ETFs: 
1.31%
 

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