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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 6 pages

Country: United States

Sector: Oil and Gas (Energy)
GENIVAR Acquires GRB Engineering to Complement its Engineering and Project Management Services Offerings to the Oil and Gas Industry - Deal Analysis from GlobalData

Summary

GENIVAR Inc., (GENIVAR) an engineering consulting services company, has completed the acquisition of GRB Engineering Ltd. (GRB), a provider of engineering and project management services for the oil and gas industry.

The transaction complements GENIVAR’s engineering and design, procurement and construction management (EPCM) business and will enable it expand and strengthen its engineering and project management services offerings to better serve companies in the oil and gas industry.

John Nielsen, senior vice-president of GENIVAR, said, “We are very happy to welcome the GRB team as it fits very well in our development strategy and strengthens our leadership both in Alberta and in the oil and gas industry. GRB's team has developed an expertise in Engineering and Design, Procurement and Construction Management (EPCM) services as well as project management, which complements the array of services we already offer in this market segment. The oil and gas industry is a flourishing, dynamic one, rich in opportunities. With such a diverse service offering, we expect to take part in many more projects in the coming years.”

Rick Giammarino, president and CEO of GRB, said, “We are very proud to be joining GENIVAR since being part of a larger team with values similar to ours will give us the opportunity to accelerate our growth. Our businesses being complementary, the merger of our teams will create multiple new opportunities for our staff and clients. Through this transaction, we will play an active role in the continued development and growth of GENIVAR's multidisciplinary oil and gas group, with a clear focus on providing our clients with quality professional services and technical excellence.”

Scope

- Rationale behind GENIVER acquisition of GRB
- Stratigic benefits for the companies involved in the transaction
- Geography covered - US and Canada

Reasons to buy

- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in the oil and gas equipment and services sector of US and Canada.

Keywords

GENIVAR, GRB Engineering Ltd, engineering and design, procurement and construction management, British Columbia, Alberta, Saskatchewan, and Manitoba.
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