CB&I
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CB&I - overview
Location
The Woodlands, TX, US
Primary Industry
Oil & Gas
About
Based in Texas, US, CB&I focuses on providing storage and terminal solutions for various industries. In October 2024, a consortium led by Mason Capital Management, along with IES Holdings, Inc. , Nut Tree Capital Management, 683 Capital Management, FPA, and other undisclosed investors, agreed to acquire CB&I from McDermott International, Inc. for USD 475 million.
The transaction is expected to be completed in Q4. As of 2024, the company is led by its Senior Vice President, Mark Butts. CB&I specializes in the design and construction of storage facilities, tanks, and terminals. The firm’s offerings include atmospheric storage tanks, high-pressure storage systems, low-temperature and cryogenic storage, and specialty plate structures.
These solutions cater primarily to the energy sector, serving industries such as oil and gas, chemicals, LNG, and natural gas, ensuring safe and efficient storage of resources. CB&I generates revenue from contracts with clients in the energy and industrial sectors, primarily through B2B transactions.
Current Investors
Mason Capital Management, 683 Capital Management, Nut Tree Capital Management
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Water & Sewer Utilities, Energy Storage & Batteries, Industrial Machinery
Website
www.cbi.com/
Total Amount Raised
Subscriber access only
CB&I - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out, Trade Sale | Announced | Petrofac Limited's Asset Solutions Business | - | ||||||||
| Corporate Carve Out | Completed | CB&I | - |
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