URS Corporation and Flint Energy Services Ltd. announced that URS has completed its acquisition of Flint. Under the terms of the definitive agreement announced in February, Flint shareholders received $24.50 per share in cash for each Flint share. The total equity value paid by URS was approximately $1.24 billion.
Dura-Line Holdings Inc., a portfolio company of Chicago-based CHS Capital, has completed the acquisition of PolyPipe Holdings Inc. from the Halifax Group. Terms of the sale were not disclosed. Dura-Line is a portfolio investment of CHS Private Equity V LP, a $1.3 billion investment fund. The Halifax Group is a private equity firm that partners with management to invest in growing entrepreneurial companies.
Vermeer Sales Southwest Inc. (VSSW) announces its Albuquerque location has moved to a new, expanded facility. The previous facility, which opened in 2000, was only 6,000 square feet, and the new building is 13,000 square feet on 2.5 acres of land.
Sprayroq Inc., a developer of spray-applied polyurethane solutions for infrastructure rehabilitation, corrosion management and infiltration control, announced the addition of Kenny Orr to its corporate team.
Owen MacIntyre, a longtime veteran of the metalworking industry, including the last 16 years as southwest regional manager of PFERD Inc., was recently honored by the company to mark his official retirement effective Feb. 29.
PipeLine Machinery International (PLM-Cat) Executive Vice President and General Manager Tony Fernandez welcomed more than 250 people that included local pipeline industry representatives, media and community to the grand opening of the company’s new head office facility in Cypress, TX, on Feb. 9. Cypress is located in the northwest Houston area.