M&A Deal Summary

Riggs Distler Acquires Bemis

On October 9, 2015, Riggs Distler acquired construction company Bemis from Willbros Group for 19M USD

Acquisition Highlights
  • This is Riggs Distler’s 1st transaction in the Construction sector.
  • This is Riggs Distler’s largest (disclosed) transaction.
  • This is Riggs Distler’s 1st transaction in the United States.
  • This is Riggs Distler’s 1st transaction in Vermont.

M&A Deal Summary
Date 2015-10-09
Target Bemis
Sector Construction
Buyer(s) Riggs Distler
Sellers(s) Willbros Group
Deal Type Divestiture
Deal Value 19M USD

Target

Bemis

Jacksonville, Vermont, United States
Bemis LLC is a provider of construction services.

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Buyer(S) 1

Buyer

Riggs Distler

Cherry Hill, New Jersey, United States
Category Company
Founded 1909
Sector Construction
DESCRIPTION

Riggs Distler is a provider of maintenance and construction services to the utility and heavy industrial markets. In the electric utility market, Riggs Distler performs both overhead and underground services including new construction, maintenance and upgrades, as well as emergency storm damage repair services. Riggs Distler was founded in 1909 and is based in Cherry Hill, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 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 4 of 5
Sector (Construction) 1 of 1
Type (Divestiture) 4 of 5
State (Vermont) 1 of 1
Country (United States) 4 of 5
Year (2015) 4 of 4
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Professional Services segment

Windsor, Connecticut, United States

Sell $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Willbros Tank Services

Houston, Texas, United States

Willbros Tank Services is a tank service provider that offers premium tank-storage applications.

Sell -
Mergr

Product

Company

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