Mason Capital Management-Led Consortium, Including IES Holdings, to Acquire CB&I from McDermott

Consortium Led by Mason Capital Management, Including IES Holdings, to Acquire CB&I from McDermott

A consortium led by Mason Capital Management, which includes IES Holdings, has announced plans to acquire CB&I from McDermott International. This strategic move aims to enhance the capabilities and resources of the participating companies within the energy sector.

The acquisition will allow the consortium to leverage CB&I’s extensive portfolio and expertise in various engineering and construction projects. By combining forces, the companies intend to create a stronger entity that can better serve the evolving needs of the market.

Mason Capital Management has a proven track record in managing investments within the industry, while IES Holdings brings a wealth of experience and operational strength. Together, they aim to drive efficiencies and foster innovation in project delivery.

This acquisition marks a significant step for both the consortium and CB&I, positioning them to capitalize on emerging opportunities in the energy and infrastructure markets. The management teams are optimistic about the potential synergies and growth prospects that will arise from this collaboration.

Further details regarding the transaction and its anticipated impact on the respective companies will be made available as the acquisition process progresses.