M&A Deal Summary

Pernix Group Acquires KBR Building Group

On June 10, 2015, Pernix Group acquired construction company KBR Building Group from KBR for 28M USD

Acquisition Highlights
  • This is Pernix Group’s 1st transaction in the Construction sector.
  • This is Pernix Group’s largest (disclosed) transaction.
  • This is Pernix Group’s 1st transaction in the United States.
  • This is Pernix Group’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2015-06-10
Target KBR Building Group
Sector Construction
Buyer(s) Pernix Group
Sellers(s) KBR
Deal Type Divestiture
Deal Value 28M USD

Target

KBR Building Group

Charlotte, North Carolina, United States
website
KBR Building Group LLC is a provider of construction services.

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Buyer(S) 1

Buyer

Pernix Group

Lombard, Illinois, United States

website


Category Company
Founded 1994
Sector Construction
Employees148
Revenue 85M USD (2014)
DESCRIPTION

Pernix Group, Inc. is engaged in three primary markets: Federal Government, Commercial & Industrial, and Power.


DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

KBR

Houston, Texas, United States

website


Category Company
Founded 1901
Sector Engineering
Employees30,000
Revenue 6.6B USD (2022)
DESCRIPTION
Jefferson Towers, home of KBR's corporate headquarters in downtown Houston, Texas.
Jefferson Towers, home of KBR's corporate headquarters in downtown Houston, Texas.

KBR, Inc. is an engineering, construction and services company supporting the global hydrocarbons and international government services market segments. KBR offers a portfolio of proprietary technology and consulting services; engineering, construction, procurement and asset maintenance services; and base operational, logistics, life support and asset management services, through its Technology & Consulting, Engineering & Construction and Government Services business segments. KBR was founded in 1901 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-21 Roberts & Schaefer

Chicago, Illinois, United States

Roberts & Schaefer Company is a provider of engineering, procurement and construction (EPC) services for bulk material handling and processing systems.

Buy $280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 KBR - Infrastructure Americas Division

Houston, Texas, United States

KBR - Infrastructure Americas Division is a business within the Non-Strategic Business Group comprises business of providing construction and engineering services. The asset is located in the United States.

Sell $19M