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 December 21, 2015 - 2:00 AM EST
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WOOD GROUP (JOHN) PLC - Wood Group acquires Kelchner Inc.

21 December, 2015

Wood Group acquisition of Kelchner Inc. strengthens onshore US construction capabilities

HOUSTON, December 21, 2015 - Wood Group has acquired Kelchner Inc. (Kelchner), a privately-owned US-based provider of construction and energy field services.

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, and broader industrial sectors.

The firm serves the energy and industrial markets providing turnkey compressor and metering stations, civil work, fabrication, roustabout and well pad and roadway construction services.  In 2014 Kelchner generated sales of approximately $93 million.

Kelchner operates from headquarters in Springboro, Ohio, and other locations in Eastern USA. CEO Todd Kelchner will continue to lead the existing management team and approximately 375 personnel.

Dave Stewart, Wood Group PSN CEO, said: “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.

“Kelchner’s construction and energy services strongly complement Wood Group’s engineering capabilities, positioning both companies well for continued success in the region.”

Todd Kelchner, CEO of Kelchner Inc., said: “Our company is driven by a passion for continuous improvement and innovative methods. Our mission, values, dedicated people and strategic diversification across energy, industrial and general construction markets greatly contributed to our past successes. Joining Wood Group PSN, a company that shares our values and culture, positions us for future success as we continue to strive to exceed our clients’ expectations.”


-ends-

Notes to Editors

Wood Group is an international energy services company with more than $7 billion sales and operating in more than 50 countries. The Group is built on Core Values and has three businesses – Wood Group PSN, Wood Group Kenny and Wood Group Mustang – providing a range of engineering, production support and maintenance management services to the oil and gas and power generation industries worldwide. Visit Wood Group at http://www.woodgroup.com/ and connect with us on LinkedIn and Twitter.

Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Operating in more than 40 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. http://www.woodgroup-psn.com/

Kelchner Inc. is one of the top 20 excavation firms in the U.S. specializing in heavy/civil construction and energy field services for more than 65 years and is based in Springboro, Ohio. http://www.kelchner.com/

Media enquiries
press.office@woodgroup.com
US +1 832-350 5384
UK +44 1224 532569

Investor/Analyst enquiries
Andrew Rose
andrew.rose@woodgroup.com
+44 1224 532716

Brunswick
Patrick Handley
phandley@BrunswickGroup.com
+44 (0)20 7404 5959


Source: PR Newswire (December 21, 2015 - 2:00 AM EST)

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