Emcor Group Inc. (NYSE: EME) has closed a deal for RepconStrickland Inc. for $455 million.
La Porte, Texas-based RepconStrickland provides services to oil refineries, including product turnarounds, specialty maintenance, industrial construction, welding, refractory and inspection services. The company was sold by Boston private equity firm ArcLight Capital Partners LLC, which has invested more than $10 billion since it was founded in 2001.
The deal was originally announced in June.
Emcor, headquartered in Norwalk, Conn., provides mechanical and electrical construction services, as well and industrial and energy infrastructure services.
Harris Williams & Co. was financial adviser to RepconStrickland for the deal.
The deal comes during a busy time for M&A between companies that provide services to the oil and gas industry. Other recent deals include Nautic Partners LLC’s acquisition of Applied Consultants Inc., Riverstone Holdings LLC co-investment in Bridger LLC, and Savage’s purchase of Ft. Worth Pipe Services LP.
For more on oil and gas services companies, see “Pipeline Protectors.”