M&A Deal Summary

CB&I Acquires Petrofac - Asset Solutions

On December 24, 2025, CB&I acquired business services company Petrofac - Asset Solutions from Petrofac

Acquisition Highlights
  • This is CB&I’s 1st transaction in the Business Services sector.
  • This is CB&I’s 1st transaction in Channel Islands.

M&A Deal Summary

Date 2025-12-24
Target Petrofac - Asset Solutions
Sector Business Services
Buyer(s) CB&I
Sellers(s) Petrofac
Deal Type Divestiture

Target

Petrofac - Asset Solutions

Jersey, Channel Islands
Petrofac's Asset Solutions provider of operations, maintenance and decommissioning services for onshore and offshore energy assets. Petrofac's Asset Solutions is based in Jersey, Channel Islands.

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Buyer(S) 1

Buyer

CB&I

S-Gravenhage, Netherlands

Category Company
Founded 1889
Sector Engineering
Revenue 12.9B USD (2015)
DESCRIPTION

CB&I is an engineering and construction company specializing in the design and engineering, fabrication, field erection, and repair of bulk liquid terminals, storage tanks, process vessels, low temperature and cryogenic storage facilities and other steel plate structures and their associated systems. CB&I primarily serves customers in the petroleum, petrochemical, chemical, electric and gas utility, pulp and paper and metals and mining industries. CB&I was founded in 1889 and is based in S-Gravenhage, Netherlands.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Channel Islands M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 APTIM

Baton Rouge, Louisiana, United States

APTIM provides comprehensive and integrated maintenance services, environmental engineering and remediation, infrastructure EPC services, program management, and disaster response and recovery for the private sector and government customers. The business serves a diverse mix of commercial customers in the power, oil & gas, chemical, manufacturing, and retail sectors. Government customers include U.S. federal departments and agencies such as the DoD, DoE, FEMA, and EPA, as well as state and local governments. APTIM was founded in 2017 and is based in Baton Rouge, Louisiana.

Sell $755M

Seller(S) 1

SELLER

Petrofac

Jersey, Channel Islands

Category Company
Founded 1981
Sector Energy Services and Equipment
Employees8,600
Revenue 2.5B USD (2023)
DESCRIPTION

Petrofac is a global provider of total facilities solutions for the oil & gas industry. Petrofac was founded in 1981 and is based in St Helier, Jersey.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Channel Islands M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Petrofac - UK Training Business

United Kingdom

Petrofac Ltd's UK Training Business provides training services related to Survival and Marine, Health and Safety, Fire, and Major Emergency Management capability and facilities.

Sell -