Aberdeen-based oil and gas services giant Wood Group said it has acquired Springboro, Ohio-based Kelchner Inc, a privately-owned construction and energy field services company, for an undisclosed amount.
Kelchner will operate within the onshore business of Wood Group PSN Americas, providing construction capabilities primarily to the midstream and upstream oil and gas sector in the Marcellus and Utica shale basins.
Kelchner had sales of $93 million last year. Its chief executive Todd Kelchner will continue to lead the existing management team and 375 staff after the deal.
“The acquisition of Kelchner adds to Wood Group’s geographical footprint in the major US shale regions, extending our presence to Marcellus and Utica, where we will leverage Kelchner’s 65 years of expertise to enhance our client service provision,” said Dave Stewart, Wood Group PSN CEO.
“Kelchner’s construction and energy services strongly complement Wood Group’s engineering capabilities, positioning both companies well for continued success in the region.”