Kleinfelder Completes Acquisition of Gas Transmission Systems
(P&GJ) — 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
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments