M&A Deal Summary

Matrix Service Acquires Kvaerner North American Construction

On December 9, 2013, Matrix Service acquired construction company Kvaerner North American Construction from Kvaerner ASA

Acquisition Highlights
  • This is Matrix Service’s 1st transaction in the Construction sector.
  • This is Matrix Service’s 1st transaction in the United States.
  • This is Matrix Service’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2013-12-09
Target Kvaerner North American Construction
Sector Construction
Buyer(s) Matrix Service
Sellers(s) Kvaerner ASA
Deal Type Divestiture

Target

Kvaerner North American Construction

Canonsburg, Pennsylvania, United States
KNAC Inc. and KNAC Ltd. are premier providers of maintenance and capital construction services to North American power generation, integrated iron and steel, and industrial process facilities.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Matrix Service

Tulsa, Oklahoma, United States
Category Company
Founded 1984
Sector Construction
Employees2,545
Revenue 795M USD (2023)
DESCRIPTION
Matrix Service Co.'s corporate headquarters in Tulsa, Oklahoma.
Matrix Service Co.'s corporate headquarters in Tulsa, Oklahoma.

Matrix Service designs, constructs, maintains and provides specialized repair services and products for aboveground storage tanks principally for petroleum refineries, bulk storage terminals, pipelines, and chemical plants. It also provides general industrial construction and in-plant routine maintenance, process unit turnarounds, and construction services. Matrix Service was formed in 1984 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 2 of 4
Sector (Construction) 1 of 2
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Pelichem Industrial Cleaning Services

Pelichem Industrial Cleaning Services LLC is an industrial cleaning services provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 HDB

Bakersfield, California, United States

HDB Ltd. is a provider of construction, fabrication, and turnaround services to energy companies in central California.

Buy -

Seller(S) 1

SELLER

Kvaerner ASA

Oslo, Norway
Category Company
Founded 1853
Sector Construction
DESCRIPTION

Kvaerner is a specialised engineering, procurement and construction company.

DEAL STATS #
Overall 2 of 2
Sector (Construction) 2 of 2
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-29 Kvaerner Construction

Norway

Kvaerner Construction is a construction company.

Sell -
Mergr

Product

Company

Legal