Kleinfelder Completes Acquisition of Gas Transmission Systems
(UC) — San Diego-based Kleinfelder Group said it has acquired utilities and pipeline services firm Gas Transmission Systems (GTS) for an undisclosed sum.
Founded in 1998, GTS offers services to gas utilities and pipeline operators across the U.S with a concentration on integrity management and rehabilitation of aging infrastructure.
“GTS will continue to capitalize on opportunities resulting from significant regulatory drivers,” Kleinfelder said after the transaction closed on Tuesday. “Kleinfelder and GTS have several shared portfolio clients, which will lead to synergistic momentum that will drive opportunities for value creation and further establish Kleinfelder as a major player in the energy.”
The GTS organizational structure will remain unchanged under the direction of President Ben Campbell and will report through West Division Director Victor Auvinen, Kleinfelder said.
“As a well-established gas utilities and pipeline services firm, GTS is a strong addition to Kleinfelder,” said Kleinfelder President and CEO Louis Armstrong.
Kleinfelder is involved in engineering, design, construction management, construction materials inspection and testing, and environmental professional services. Following the GTS acquisition, Kleinfelder employs more than 2,400 professionals and operates in the United States, Canada, and Australia.
Related News
From Archive
- 27 pipeline safety violations tied to deadly Pa. chocolate factory explosion
- Fatal trench collapse in Mass. leads to $4.6 million OSHA penalty, dozens of violations
- OSHA investigates fatal trench collapse at Conroe construction site
- Final Lake Erie sewer tunnel project set to begin after decades-long $3 billion effort
- 11-mile Texas pipeline replacement upgrades 72-in. PCCP to 102-in. steel
- Alaska fiber buildout to expand broadband in rural communities
- 11-mile Texas pipeline replacement upgrades 72-in. PCCP to 102-in. steel
- Fatal trench collapse in Mass. leads to $4.6 million OSHA penalty, dozens of violations
- Texas811 launches real-time excavation detection to prevent utility strikes
- Race Communications breaks ground on Bakersfield fiber network
Comments