M&A Deal Summary

Novinium Acquires UtilX

On March 19, 2015, Novinium acquired information technology company UtilX from Willbros Group

Acquisition Highlights
  • This is Novinium’s 1st transaction in the Information Technology sector.
  • This is Novinium’s 1st transaction in the United States.
  • This is Novinium’s 1st transaction in Washington.

M&A Deal Summary

Date 2015-03-19
Target UtilX
Sector Information Technology
Buyer(s) Novinium
Sellers(s) Willbros Group
Deal Type Divestiture

Target

UtilX

Kent, Washington, United States
UtilX Corp. is a provider of IT services for energy infrastructure industry.

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Buyer(S) 1

Buyer

Novinium

Kent, Washington, United States

Category Company
Founded 2003
Sector Information Technology
DESCRIPTION

Novinium is a provider of technology solutions to address circuit owners' infrastructure problems at a fraction of the cost of existing methods, save energy, save natural resources, and reduce greenhouse gases by eliminating the need for additional production of copper and polymers for new cables. Novinium was formed in 2003 and is based in Kent, Washington.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Willbros Group

Houston, Texas, United States

Category Company
Founded 1908
Sector Construction
Employees7,959
Revenue 732M USD (2016)
DESCRIPTION

Willbros Group, Inc. is a provider of energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries. Its offerings include engineering, procurement and construction (either individually or as an integrated EPC service offering), maintenance, facilities development and operations services.


DEAL STATS #
Overall 1 of 5
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 5
State: Washington M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2015 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 InfrastruX Group

Seattle, Washington, United States

InfrastruX Group LLC is a provider of end-to-end infrastructure construction services, primarily for the electric and natural gas utility end-markets.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Willbros - Premier Services

United States

Sell -