Ezra Acquires U.S. Fabrication Facility
Singapore-based intergrated support and marine services provider Ezra Holdings has purchased a 650,000 square feet fabrication facility in Houston, Texas, through Ezra’s newly formed subsidiaries Ezram Properties LLC and Ezram Enterprise LLC.
The move complements Ezra’s proposed key US$250 million acquisition of Aker Marine Contractors, a successful and established SURF and floater installation company, that also has a center of excellence in Houston through which operations in the Gulf of Mexico are supported.
Mr Lionel Lee, Ezra’s Managing Director said: “The new Houston base will allow us to quick start our drive into the engineering and fabrication market in the Americas and Europe. Armed with our other facility in Vietnam, Ezra is now able to quickly respond to clients’ needs worldwide, further strengthening our competitive edge in the offshore O&G market.
We expect the continued investments in our core offshore support, engineering and deepwater subsea services capabilities to accelerate our expansion into the Gulf of Mexico, North Sea, Latin America and African markets, and transform Ezra into a top-tier fully integrated global O&G support services provider.”
The deal was concluded at ‘distressed prices’ and provides Ezra with the ability to fabricate customized cranes which meet the stringent requirements of the modern offshore O&G fleet, adding to the Group’s already wide product offering.