ENGINEERING TECH

KP Engineering Announces Its Acquisition by The Shaw Group

KP Engineering | February 01, 2023 | Read time : 02:20 min

KP Engineering Announces Its Acquisition by The Shaw Group

On January 31, 2023, KP Engineering (KPE), a pioneer in the design and implementation of customized EPC solutions for the refining, hydrogen, syngas, and renewable fuels sectors, announced that The Shaw Group (Shaw), a leading pipe and module fabricator, has finalized the acquisition of its assets. In the future, the company will be known as KP Shaw, LLC.

Shaw has established itself as a leading fabrication firm in the United States and the Middle East, employing 1500 people across six high-end facilities. This strategic acquisition will allow Shaw to provide comprehensive engineering, procurement, and fabrication (EPF) project solutions to a broad range of industries worldwide. Shaw will now offer exceptional modular and EPF solutions to the hydrogen and chemical, oil and gas, and renewable fuels and energy industries, thanks to KPE's 19-year record of outstanding engineering, procurement, and project management.

Shaw acquired all KP Engineering's assets and ongoing activities, including facility leases.

The Shaw Group will run KP Shaw, LLC as a subsidiary. The new entity's branding will be established over the following months.

William E. Preston, who will continue as the President and CEO of KP Shaw, LLC, commented, "This acquisition serves to fulfill an urgent requirement for bankable EPF service capacity in the growing North American market. KPE enhances the services in Shaw's already strong portfolio of offerings, which includes pipe, module, and structural steel fabrication, induction bending and specialty coating services. The integration of Shaw's high-quality services will enable us to better meet the needs of our well-established customer base and will also provide us with fresh opportunities to engage with new customers on a global scale."

(Source – PR Newswire)

About KP Engineering

Founded in 2004, KPE is a leading, process-driven EPC solutions provider to the energy industry. The company has developed a distinct culture, structure, and strategy that uses deep engineering knowledge and a distinctive project management methodology to provide excellent EPC services. It strives to deliver value-based engineering, procurement, and project management solutions to the specialty chemical, refining, and renewable sectors at a cost that allows clients to meet their safety, economic, environmental, and performance goals.

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