M&A Deal Summary

KBR Acquires Wabi Development

On October 6, 2008, KBR acquired construction company Wabi Development

Acquisition Highlights
  • This is KBR’s 2nd transaction in the Construction sector.
  • This is KBR’s 1st transaction in Canada.
  • This is KBR’s 1st transaction in Ontario.

M&A Deal Summary
Date 2008-10-06
Target Wabi Development
Sector Construction
Buyer(s) KBR
Deal Type Add-on Acquisition

Target

Wabi Development

New Liskeard, Ontario, Canada
Wabi is a privately held Ontario, Canada-based general contractor that services the energy, forestry, and mining industries. Wabi currently employs over 350 people, providing maintenance, fabrication, construction, and construction management services to a variety of clients in Canada and Mexico.

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Buyer(S) 1

Buyer

KBR

Houston, Texas, United States
Category Company
Founded 1901
Sector Engineering
Employees30,000
Revenue 7.0B USD (2023)
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 is an engineering, construction, and services company supporting the global hydrocarbons and international government services market segments. The company 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 4 of 20
Sector (Construction) 2 of 5
Type (Add-on Acquisition) 4 of 13
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2008) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 BE&K

Birmingham, Alabama, United States

BE&K, Inc. is a engineering, construction and maintenance services company.

Buy $550M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-05 Energo Engineering

Houston, Texas, United States

Energo provides Integrity Management (IM) and advanced structural engineering services to the offshore oil and gas industry.

Buy -
Mergr

Product

Company

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