The Online Investor
Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Thu., Feb. 20, 7:09 AM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #96. Matrix Service Company Certain assets and employees from Pelichem Industrial Cleaning Services, LLC

Acquirer: Matrix Service Company (NASDAQ:MTRX)
Acquiree: Certain assets and employees from Pelichem Industrial Cleaning Services, LLC
Details: Matrix Service Company announced that its subsidiary, Matrix Service Inc., acquired certain assets and employees from Pelichem Industrial Cleaning Services, LLC ("Pelichem") on December 31, 2012. Pelichem is a privately-owned industrial cleaning services provider based in Reserve, Louisiana, who has served refining and petrochemical customers for over ten years. This acquisition furthers our strategic plans to grow the industrial cleaning business. While the terms of the acquisition were not disclosed, the acquisition purchase price was less than $10 million and funded with cash on hand.

Matrix Service provides engineering, fabrication, infrastructure, construction, and maintenance services. Co.'s segments are: Electrical Infrastructure, which consists of power delivery services provided to investor owned utilities; Oil Gas and Chemical, which serves customers who are engaged in refining crude oil and processing, fractionating, and marketing of natural gas and natural gas liquids; Storage Solutions, which consists of work related to aboveground storage tanks and terminals; and Industrial, which consists of work for integrated iron and steel companies, main mining and minerals companies engaged in the extraction of copper, as well as companies in other industries.

MTRX SEC Filing Email Alerts Service


Open the MTRX Page at The Online Investor »

Company Name: 
Matrix Service Co.
Stock buyback: 
MTRX buyback
Website: 
www.matrixservicecompany.com
Sector: 
Oil & Gas Equipment & Services
Number of ETFs Holding MTRX: 
32
Total Market Value Held by ETFs: 
$71.30M
Total Market Capitalization: 
$376.00M
% of Market Cap. Held by ETFs: 
18.96%
 

Open the MTRX Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Buy (3.00 out of 4)
38th percentile
(ranked lower than approx. 62% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Oil & Gas Equipment & Services M&A - Slide 96 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.