Wood Group Buys Kelchner Inc

Wood Group announced Monday that it has acquired Kelchner Inc, a privately-owned US-based provider of construction and energy field services.

Kelchner will operate within the onshore business of Wood Group PSN Americas, providing construction capabilities primarily to the midstream and upstream oil and gas sector in the Marcellus and Utica shale basins, and broader industrial sectors. The firm serves the energy and industrial markets providing turnkey compressor and metering stations, civil work, fabrication, roustabout and well pad and roadway construction services. In 2014 Kelchner generated sales of approximately $93 million.  

Dave Stewart, Wood Group PSN CEO, commented in a company statement:

“The acquisition of Kelchner adds to Wood Group’s geographical footprint in the major US shale regions, extending our presence to Marcellus and Utica, where we will leverage Kelchner’s 65 years of expertise to enhance our client service provision.

“Kelchner’s construction and energy services strongly complement Wood Group’s engineering capabilities, positioning both companies well for continued success in the region.”

Todd Kelchner, CEO of Kelchner Inc, said in a company statement:

“Our company is driven by a passion for continuous improvement and innovative methods. Our mission, values, dedicated people and strategic diversification across energy, industrial and general construction markets greatly contributed to our past successes. Joining Wood Group PSN, a company that shares our values and culture, positions us for future success as we continue to strive to exceed our clients’ expectations.”



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Farstad Shipping Sells AHTS Lady Sandr... (Sep 27)
 -  Real Energy Prepares for Tamarama-1 We... (Sep 27)
 -  Trelleborg Appoints Unique Group as it... (Sep 27)
 -  Neptune Marine Services Bags Quadrant'... (Sep 27)
 -  Richard Dyson Appointed New CEO of IO ... (Sep 27)


Most Popular Articles

From the Career Center
Jobs that may interest you
Principal - Oil & Gas
Expertise: Executive
Location: Houston, TX
 
VP Sales - Oil & Gas - Automation, Electrical Distribution
Expertise: Business Development
Location: Houston, TX
 
Technical Director
Expertise: Executive
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $47.35/BBL 3.18%
Light Crude Oil : $45.93/BBL 3.25%
Natural Gas : $2.99/MMBtu 1.01%
Updated in last 24 hours