Brand buys two specialists
02 April 2008
The US's Brand Energy and Infrastructure Services has acquired two specialist industrial services companies. Industrial Specialists and Protherm Services Group were acquired by the company last November.
Brand, which is based in Kennesaw, Georgia, declined to disclose any terms of the deals, but it was prepared to say that it would “...combine the best of the three companies.”
Both Industrial Specialists and Protherm provided services to major oil refiners, chemical manufacturers and large engineering and construction firms in the Gulf Coast region of the USA.
Industrial Specialists offers insulation, scaffolding, refractory, painting, fireproofing, and corrosion protection services. Protherm's capabilities include coatings, insulation, scaffolding, fireproofing, and tank lining.
Paul Wood, president and CEO of Brand, said, “The Gulf Coast region is a rapidly expanding industrial market with a growing need for a specialty services provider that can deliver an integrated, single-source solution.
“We are delighted to be purchasing best-in-class businesses that provide Brand with the opportunity to significantly expand our presence in the robust Gulf Coast refining and petrochemicals markets...”