M&A Deal Summary

Westinghouse Electric Acquires CB&I Stone & Webster

On October 27, 2015, Westinghouse Electric acquired construction company CB&I Stone & Webster from CB&I

Acquisition Highlights
  • This is Westinghouse Electric’s 1st transaction in the Construction sector.
  • This is Westinghouse Electric’s 1st transaction in the United States.
  • This is Westinghouse Electric’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2015-10-27
Target CB&I Stone & Webster
Sector Construction
Buyer(s) Westinghouse Electric
Sellers(s) CB&I
Deal Type Divestiture

Target

CB&I Stone & Webster

Boston, Massachusetts, United States
CB&I Stone & Webster, Inc. is a provider of nuclear construction and integrated services businesses.

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Buyer(S) 1

Buyer

Westinghouse Electric

Cranberry Township, Pennsylvania, United States

Category Company
Founded 1884
Sector Energy Services and Equipment
DESCRIPTION

Westinghouse Electric is providing nuclear energy technologies, products and services to utilities around the world. Its mission is to focus on a much broader goal; using the power of intellect, collaboration and innovation to build on the legacy of our founder, and to create a cleaner, safer and sustainable carbon-free future for generations to follow. Westinghouse Electric was founded in 1884 and is based in Cranberry Township, Pennsylvania.


DEAL STATS #
Overall 2 of 8
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 3
State (Massachusetts) 1 of 2
Country (United States) 1 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Astare SA

Orsay, France

Astare SA is a nuclear engineering company produces nuclear related products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 NA Engineering Associates

Stratford, Ontario, Canada

NA Engineering Associates, Inc. is a provider of comprehensive engineering solutions including significant nuclear expertise.NA Engineering provides personal attention combined with state-of-the-art technology to ensure engineering deliverables meet the requirements of nuclear clients. NA Engineering Associates, Inc. was founded in 1994 and is based in Stratford, Ontario.

Buy -

Seller(S) 1

SELLER

CB&I

S-Gravenhage, Netherlands

Category Company
Founded 1889
Sector Engineering
Revenue 5.5B 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 1 of 2
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 The Shaw Group

Baton Rouge, Louisiana, United States

The Shaw Group, Inc. is a engineering and construction company focused on the energy industry.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 APTIM

The Woodlands, Texas, 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 is based in The Woodlands, Texas.

Sell $755M